Tear down and build your vision! This property is a prime investment opportunity located in a rapidly developing area of Birmingham. Ideal for investors looking to start fresh with new construction, the lot provides the perfect canvas for building a single-family home or duplex. Positioned in a promising neighborhood, this property offers potential for strong appreciation. 💼🔨

• Comps:

  • Address: 1421 Goldwire St SW, Birmingham, AL 35211
    • Sold Price: $320,700
    • Square Footage: 1,650 sq ft
    • Date Sold: 02/15/24
  • Address: 1849 3rd Pl SW, Birmingham, AL 35211
    • Sold Price: $313,000
    • Square Footage: 1,456 sq ft
    • Date Sold: 01/05/24
  • Address: 1808 Biko Pl, Birmingham, AL 35211
    • Sold Price: $310,000
    • Square Footage: 2,048 sq ft
    • Date Sold: 07/26/24

• Asking Price: $30,000

• ARV (After Repair Value): $300,000 💰

• Estimated Renovation/New Build Cost: $120,000 - $150,000

• Potential Investor Profit:

  • ARV: $300,000
  • Total Investment: $30,000 (purchase) + $150,000 (build) = $180,000
  • Potential Profit: $300,000 - $230,000 = $120,000 🎯

Summary:
With an asking price of only $30,000, investors have the opportunity to build new and sell for an ARV of $300,000. After accounting for the estimated build costs, investors could walk away with up to $120,000 in profit, making this deal a high-value investment in an appreciating market. Don't miss out on this chance to get in on a growing neighborhood! 📈