3828 39th Court N Birmingham, AL 35217

$59900 Three BR 1.00 BA, Birmingham

Price: $59,900
Address: 3828 39th Court N
City: Birmingham
State: AL
Zip: 35217
Bathrooms: 1
Bedrooms: 3
Broker Name: RE/MAX Realty Brokers - Whitney Shirley
Condition: Resale
Fee: No
Mls Id: 843499
Seller Type: Agent/Broker
Square Feet: 1236
Year: 1936
Provided By: RE/MAX

Description:

20% CAP Rate 60% LTV After Rehab INVESTOR SPECIAL, ARV $845,000 on thirteen house portfolio! Part of a thirteen 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 five properties, with an upside of eight 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 twelve months. CASH price available for Investor buying all 13. READY TO RENT! REHABBED!

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