GREAT INVESTMENT DEAL- B’HAM (AVONDALE)
Listings Stats
The Numbers
Description of Property
This two-bedroom one bath house from the early 1900s has fantastic bones. Solid structurally. It does have a large hole in the roof that would have to be repaired. The house hasn’t been lived in in over 30 years. It needs to be entirely remodeled. Houses in the neighborhood start at $325,000. This is a great neighborhood to walk in and is full of wonderful neighbors. The home is walking distance to two breweries and is less than half a mile walk to the rotary trail, which will take you all the way to Railroad Park with restaurants and breweries all along the route. The property is located on fifth Avenue south, which is a main thoroughfare between East Avondale and up and coming Woodlawn. Please don’t hesitate to message with any questions and thank you for looking.
Description of Repairs
Needs Roof, flooring, and painting. The ceiling has damage in a few places. See pictures
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Access:Message Me
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Home Area(sqft):1,147
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Property Type:Single Family Residence
The Numbers
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Asking Price ($):$155,000
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As-Is Price/Sq Ft:$135.14
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Est. Cost of Repairs:$80,000
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After Repair Value:$340,000
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ARV Price/Sq Ft:$296.43
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Est. Gross Profit/Equity:$105,000
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Price Negotiable?:Yes
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Purchase Option:Cash,
Comparables
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Comp 1
Full Address:540 56th St. S Birmingham, AlDistance from Listing Property (mi):less than 1 mileSale Price:$360,000Sale Date:June 14, 2024 -
Comp 2
Full Address:5017 7th Ave S Birmingham, AlDistance from Listing Property (mi):less than 1 mileSale Price:$340,000Sale Date:May 24, 2024
Property Inspection
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Details:14-day inspection period from 3 AUG 24
Flippery, LLC does not guarantee the accuracy of any data presented. This data is solely provided by the site member.
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