Investment Property🏡

Huntsville, Alabama
3100 Patrick St
Real Estate Investment

Description of Property

The home is vacant, and needs light renovation. You could renovate it and sell it or rent it out for 1,100/monthly.

Description of Repairs

Upstairs needs repairs and basement needs full rehab
  • Access:
    Inspection Scheduled
  • Home Area(sqft):
    1,044
  • Property Type:
    Single Family Residence

The Numbers

  • Asking Price ($):
    $125,000
  • As-Is Price/Sq Ft:
    $119.73
  • Est. Cost of Repairs:
    $30,000
  • After Repair Value:
    $190,000
  • ARV Price/Sq Ft:
    $181.99
  • Est. Gross Profit/Equity:
    $35,000
  • Price Negotiable?:
    Yes
  • Purchase Option:
    Cash, Hard Money,

Comparables

  • Comp 1

    Full Address:
    3512 Lois Ln NW, Huntsville, AL 35810
    Distance from Listing Property (mi):
    0.8mi
    Sale Price:
    $193,000
    Sale Date:
    August 1, 2023
  • Comp 2

    Full Address:
    3325 Caywood Dr NW, Huntsville, AL 35810
    Distance from Listing Property (mi):
    1mi
    Sale Price:
    $190,000
    Sale Date:
    December 23, 2023
  • Comp 3

    Full Address:
    4708 Cavett Dr NW, Huntsville, AL 35810
    Distance from Listing Property (mi):
    0.8mi
    Sale Price:
    $182,500
    Sale Date:
    June 9, 2023

Property Inspection

Location

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