🏡🌅 INCREDIBLE $100k Gross Spread Clean Flip in Killen, AL with 4 Acres! || Minimal Rehab! || ACT FAST! 🌅🏡
💸 Starting Price: $239,000 [$340k As-Is Value!!]
💸 After Repair Value: $370,000
💸 Long Term Rent: $2500 - $2750
💎 This 2008 Yr Build CHEAP GEM is conveniently located on 4 Acres with a HUGE detached industrial type garage structure with a location that benefits from both the quiet countryside living of Killen & the close proximity to the up & coming area of Florence. This property boasts an incredible 10% cap rate as a rental with the long term rent rate being $2500+ a month. With all the 4 points in working order & especially the metal roof which is good for another 30 years+, a simple cosmetic renovation of $35k - $45k would create a $60k NET profit potential. With comps in the area from $350k - $399k, even some having far lesser amount of land, this property is a beautiful appreciating asset to add to your portfolio, to move into, or to flip for a quicker profit.
Access is by appointment only so call me for more info & scheduling! DONT WAIT!
🏡 PROPERTY DETAILS:
📍 4 Bed / 3 Bath
📍2304 Sq Ft
📍2008 Year Build
📍 3.8 Acre Lot
📍 Metal Roof!
📍HUGE Detached Industrial type garage on property
📍 Pond on Property
📍 2 Acres are able to be split & sold that already have imprint for a mobile home
📍 VACANT at closing
📍 Access: Showing or Appt Only
📍 Close of Escrow: October 25th
✔️ BUYER GUIDELINES:
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