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Town Square REALTY
Birmingham, AL
205-945-HOME (4663)

Atlanta, GA
470-401-HOME (4663)

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Listing 11 out of 500
$45,000 For Sale

225 68th St N
Birmingham, AL 35206

3 beds, 1 bath | Single Family Home
1,008 sq ft; lot: 44 sq ft - MLS# 843486
Property Photo
1/9

Description

20% CAP Rate 60% LTV After Rehab INVESTOR SPECIAL, ARV $845,000 on 13 house portfolio! Part of a 13 house portfolio for sale for $510,000, but each house available for individual purchase. When rehabbed, estimated rehab on all properties is $60,000, their combined ARV is $845,000. Should net an average of $675 per property per month after taxes & insurances are deducted. Currently bringing in documented cash flow of $42,500 per year on 5 properties, with an upside of 8 additional properties. Total rental expectation for all is $105,300. We have investor financing, no income, must have 600+ credit score or for no credit check and score then 45% down owner financing for 12 months. CASH price available for Investor buying all 13.

Features

  • Property Type: Single Family Home
  • Sub Type: Single Family
  • Listing Status: Active
  • County/Area: Jefferson County
  • Zip Code: 35206
  • Year Built: 1930
  • Subdivision/Neighborhood: Trotwood Park
  • Elementary School: Gibson
  • Middle School: Gaskins, Martha
  • High School: Woodlawn
  • Sq.Ft.: 1,008 sq ft
  • Stories: 1-Story
  • Bedrooms: 3
  • Full Baths: 1
  • Lot Size: 44 sq ft
  • Baths: 1
  • Area: Eastlake, Woodlawn
  • Attic: Pull-Down
  • Attic (Y/N): Yes
  • Bed/Bath Features: Shared Bath, Tub/Shower Combo
  • Construction: Brick Over Foundation, Wood
  • Cooling: No Air
  • Driving Directions: Take I-59 And It Is Near The Airport
  • Floors: Carpet, Tile Floor, Vinyl
  • Foundation: Crawl Space
  • Heating: Forced Air, Gas Heat
  • Hvac Total Area: 1008
  • Interior Features: Handiman Special
  • Kitchen Countertops: Laminate
  • Kitchen Features: Eating Area
  • Laundry Dryer Hookup: Dryer-Electric
  • Laundry Features: Washer Hookup
  • Laundry Location: Laundry (Mlvl)
  • Laundry Space: Room
  • Main Level Sqft: 1008
  • Parking Features: Driveway Parking, On Street Parking
  • Room 1: Den/Family
  • Room 1 Lvl: 1
  • Room 2: Kitchen
  • Room 2 Lvl: 1
  • Room 3: Master Bedroom
  • Room 3 Lvl: 1
  • Room 4: Bedroom
  • Room 4 Lvl: 1
  • Room 5: Bedroom
  • Room 5 Lvl: 1
  • Room 6: Full Bath
  • Room 6 Lvl: 1
  • Rooms: Bedroom (Room), Den/Family (Room), Full Bath (Room), Kitchen (Room), Master Bedroom (Room)
  • Rooms Level 1: Bedroom (Lvl 1), Den/Family (Lvl 1), Full Bath (Lvl 1), Kitchen (Lvl 1), Master Bedroom (Lvl 1)
  • Sewer/Septic: Connected
  • Sqft Source: Per Tax Report
  • Water: Public Water
  • Water Heater: Electric (Wtrhtr)
  • Year Built Desc: Existing
Courtesy of Re/Max Realty Brokers



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