💄Lipstick Flip/Rental in Mobile County 🔥 Near 2.5B Factory Being Built 🔥 MEETS 1% RULE 💵

Mobile County, Axis, AL, 36505
Sold
Listed at: January 31st, 2023
Price
$87,000
ARV
$179,500
Gross Margin
$92,500
Sq. Footage
1631
Type
Single-Family
Parking
Garage
Year build
1959
Lot size
0.47 acres
Bedrooms
3
Bathrooms
2
Half Bathrooms
0
Summary

Smoking hot flip or rental opportunity in Mobile County! Only short commute from $2.5 Billion Novelis aluminum mill that's been built in nearby (intersection of highway 287 and I-65 in Baldwin County) that'll bring in over 1000 jobs!


Needs $25-35K depending on your scope of work. Last sold in 2017 for $98K. Rehabbed homes in this area of same size yield on average $1500 per month in rent!


Meets the 1% rule.


Vacant with lockbox on the property. Message or call the Dispo Manager to get the code.


This is a versatile deal to rehab and sell, rent as is, or rehab and rent! One of the most sustainably lucrative real estate regions in the country to invest in!


Has a slight foundation issue. Attached under documents is a repair estimate showing the cost to repair is approximately $3k.


 Off Market Deeply DISCOUNTED 

• 3 Bedrooms

• 2 Bath

• 1631 Sq-Ft

• .47 Acres


� ASKING PRICE: $87k (ONLY $53/sqft)

� REHAB: $25-35k

� ARV: $175K-190K depending on scope of rehab

� Rambler with Detached Garage on a Big Lot!


**Walkthroughs available by appointment**


Before Repair Comps Nearby:


• 515 McBride Cir N Axis 36505: SOLD $195/ PPSF $113 5/22- 0.22 mi away

• 553 Doretta Dr Axis 36505: SOLD $142k/ PPSF: $119 5/22- 0.6 mi away

• 11120 Johns Dr 36505: SOLD $113k 7/22- 0.5 mi away (Investor paid $93 PPSF)

Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Jerry Norton

★★★★★
★★★★★
No reviews

Disposition manager