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Single Family Residence
2 Beds/1 Bath
992 SQ FT
4,356 Lot SQ FT
1930 Year Built
Purchase Price: $75k
Changes Made: Plumbing Replaced In Kitchen / Landscaping Improved Through Maintenance
Lease: Renews On 5/31/25
Proposed Rent Increase: $725
Current Rent: $708
Market Rent
Total Rent: $1,555
Market Rent: $1,800+
Best ROI strategy for both of these properties is to remove current tenants and get both properties Section 8 approved to obtain the highest rent possible. Buyer can also keep current tenants and obtain an already cash flowing asset. Tenants are current on rent.
Comps:
31 5th Ave S, Birmingham, AL 35206
2Bed/1Bath – 624 SQ FT – Remodeled
Sold for $90,000 10/24/24
1712 1st Ct W, Birmingham, AL 35208
2Bed/1Bath – 794 SQ FT – Sold as a rental more than likely
Sold for $115,000 7/23/24
148 14th Ct W, Birmingham, AL 35204
2Bed/1Bath – 990 SQ FT – Outdated
Sold for $84,500 8/29/24
CALL OR TEXT (480) 210-2120
All feedback is welcome! All reasonable offers will be considered! Need to Sell a Deal?
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OFF-MARKET INVENTORY
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Disclaimer:
House is being sold as-is, and the buyer is to pay all closing costs. 7,500 EMD. Non-Refundable earnest money to be deposited within the same business day contract is executed or the contract will be canceled. Buyer must close with cash or a hard money loan.
The buyer is not relying on any representations, whether written or oral, regarding the properties above. Price based on a cash or hard money offer and is net to seller. Buyers to do their own independent due diligence.
Buyer must do your own due diligence, evaluation and inspection prior to making an offer. Determining value is the buyer’s responsibility. Seller strongly recommends buyers employ an Investment Realtor to help determine value. Any reference to the value of a property by the Seller or any representative of the Seller is an opinion of value. Everyone has a differing opinion on value, cost of construction, materials, quality of workmanship and market speculation. Value is ultimately the buyer’s responsibility and they should be diligent in determining market value.
REALTORS:
If you are currently working with a client, and wish to receive a commission, please note that the wholesale price does not include your commission. You may want to negotiate a commission with your client separate from the wholesale price or you may adjust the wholesale price upwards to include your commission.
WHOLESALERS:
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