🌱 Florence: Deep Equity Deal

Lauderdale County, Florence, AL, 35630
Sold
Listed at: July 31st, 2023
Price
$49,000
ARV
$215,000
Gross Margin
$166,000
Sq. Footage
2445
Type
Single-Family
Parking
Driveway
Year build
1950
Lot size
0.17 acres
Bedrooms
3
Bathrooms
2.5
Half Bathrooms
0
Summary

This is one of the biggest homes in the area. This house has all the signs that suggest high potential for a fixer-upper.


Occupancy & Access: Vacant. Contact me for access

Contact Me: Michael Chung | (770)-226-5512


1) Basic:

Bed/Bath: 3/2.5

SQFT: 2445

Year Built: 1950

Lot Size: .17 acre

Parking: Driveway


2) Numbers: 

Asking Price: $49,000

Buy It Now Price: $55,000

ARV: $215,000

Rehab Notes: Do your own due diligence.

Roof & HVAC are around 10 years


3) Comps (All smaller than our subject property):

218 S Prairie St: https://www.zillow.com/homedetails/218-S-Prairie-St-Florence-AL-35630/2067104573_zpid/

4/2/1892sqft/1980YB

$138,250 | Sold March 2022

2126 Arlington Blvd: https://www.zillow.com/homedetails/2126-Arlington-Blvd-Florence-AL-35630/67122333_zpid/

3/2/2079sqft/1960YB

$219,900 | Sold October 2022

35 Weakley St: https://www.zillow.com/homedetails/35-Weakley-St-Florence-AL-35630/67140294_zpid/

2/1/1300sqft/1946YB

$145,000 | Sold January 2023

TERMS:

Close with our preferred attorney. Buyer pays all closing costs. Deal not final until EMD is received. All Inspections to be done prior to binding contract. Cash/Hard Money only.

DISCLAIMER:

This is an assignment of contract. A legally binding purchasing contract with memorandum has been signed with the Seller giving this company exclusive rights to purchase the property. Any attempts to renegotiate or make contact with the owner will result in legal action.

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

Michael Chung

★★★★★
★★★★★
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Disposition manager