3/1 in Birmingham!

Birmingham, Alabama
Garber Cook
+3

Listings Stats

Published: Mar 12, 2024
Last Edited: Mar 29, 2024
Listing Type: Wholesale
Listing Status: No Longer Available
Number of Views: 616
Days On Flippery: 403
Number of Favorites: 0

The Numbers

Asking Price ($): $17,000
After Repair Value: $84,000
Est. Cost of Repairs: $50,000
Est. Gross Profit: $17,000
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Real Estate Investment

Description of Property

Assignment of contract

House has fire damage.

Subdivision – Garber Cook
 1,044 Sqft
 0.41 Acre
 Built in 1945
 Renovated in 1989
 Single Story Home
 Fireplace
 Aluminum Siding
 Metal Roof
 Solid Foundation
 Solid Interior/Exterior Walls
 3 Bedroom
 1 Bathroom
 Central Heating/Air
 Detached 420 sqft Garage
 Fire Damage in Kitchen
 Property Vacant
 Open To Walk Through

Description of Repairs

Needs a full trash out, fire damage repairs inside. Exterior decent. Needs repairs to garage door.
  • Access:
    Unlocked/Open access
  • Build Year:
    1945
  • Home Area(sqft):
    1,044
  • Bedrooms:
    3
  • Property Type:
    Single Family Residence
  • Occupancy:
    Vacant
  • Lot Size(acres):
    .41 Acres
  • Bathrooms:
    2
  • Parking:
    Detached Garage

The Numbers

  • Asking Price ($):
    $17,000
  • As-Is Price/Sq Ft:
    $16.28
  • Est. Cost of Repairs:
    $50,000
  • After Repair Value:
    $84,000
  • ARV Price/Sq Ft:
    $80.46
  • Est. Gross Profit/Equity:
    $17,000
  • Price Negotiable?:
    Yes
  • Purchase Option:
    Cash,
  • Est. Mthly. Rental Rate:
    $1,050
  • Rental Restrictions:
    Unknown
  • HOA:
    Unknown
  • Earnest Money Deposit:
    $50

Comparables

  • Comp 1

    Full Address:
    1317 Pineview Rd Birmingham, AL 35228
    Distance from Listing Property (mi):
    .21 Miles
    Sale Price:
    $115,243
    Sale Date:
    September 28, 2023

  • Comp 2

    Full Address:
    1313 Pineview Rd Birmingham, AL 35228
    Distance from Listing Property (mi):
    .20 Miles
    Sale Price:
    $64,300
    Sale Date:
    January 26, 2024

  • Comp 3

    Full Address:
    6145 Court M Birmingham, AL 35228
    Distance from Listing Property (mi):
    .12 Miles
    Sale Price:
    $95,000
    Sale Date:
    July 21, 2023

Property Inspection

Closing Details

  • Closing Attorney / Title Company:
    Magic City Title
  • Target Closing Date:
    April 1, 2024
  • Details:
    Title is currently in review

Location

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