Duplex $36k - Total Est Gross Rents $1,100 to $1,200

[Philip Arthurs]

This College Hills property is situated in a quiet historic neighborhood with well manicured lawns and friendly neighbors. It needs minimal work and currently has renters through the end of August. The home is just 2 minutes from Birmingham Southern College and I-20, and is less than 10 minutes from downtown. This 3/2 property is unique in that it's typically rented as a 2/1 ($725/mo) because there is an unused disconnected 1/1 downstairs that also has an nice sized unfinished area that could be easily turned into a kitchen. This property is essentially a duplex! Amazing opportunity for additional cash flow! There is also a part of the basement that can be easily sectioned off for a coin operated laundry facility to be shared by the tenants. I had a builder look at the property who validated this is a feasible option. This is a property that you've got to see!

Bedrooms: 2 upstairs - 1 downstairs
Bathrooms : 1 upstairs - 1 downstairs
Est. Rent: Currently $725/mo upstairs (could rent for up to $800). Downstairs could rent for $400/mo.

Sales Price: $36,000

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If you have any questions or if you'd like to schedule a time to inspect the property you may request information by sending an e-mail to [email protected].

Disclaimers:
(a) Please perform your own due diligence. (b) Property is being sold AS-IS. c) Price is based on a cash offer, and no financing offers will be considered. (d) Buyer has up to 7 calendar days in which to perform an inspection, and the inspection period ends after your first visit. (e) A $2,000 non-refundable deposit to be held by the closing attorney, The Law Offices of Jeff Parmer, at the time of contract execution. (f) Buyer agrees to pay all closing costs (excluding taxes owed by the Seller). (g) Closing shall occur within 30 days of contract execution. (h) The managing member of Southeastern Real Estate Investments, LLC is a licensed Realtor in the state of Alabama (#116883) holding his license with the brokerage ARC Realty. (i) All properties offered are owned by or are under contract with Southeastern Real Estate Investments, LLC. Properties not owned are available for contract assignment or are pocket listings.