Lots to Love in Lakeview Heights

Asking $45,500 or best offer

We are selling our assignable purchase contract on the property below:

1157 Cottondale Rd
Montgomery, AL 36109
Zillow
Photos
Details:
  • 3bd/1ba with 1,220 sqft
  • Vacant
  • Closing on or before 12/21/2021
  • Market Rent: $975/month
ARV is $85,000 based on the following comps:
  • 1107 Lakewood Drive is a 3bd/1ba with 1,342 sqft that sold for $101,000 in September 2021
  • 3220 Durham Drive is a 3bd/1.5ba with 1,100 sqft that sold for $86,000 in September 2021
  • 1016 Loch Haven Road is a 3bd/1ba with 1,281 sqft that sold for $82,000 in October 2021

Repairs:
 Roof: Age unknown, no visible issues
 HVAC: Older HVAC, consider replacing to Has central HVAC, manufactured in 1997
 Flooring: Sand and varnish hardwoods or replace
 Kitchen: Needs new appliances. Consider replacing countertops
  Bathroom: Consider remodeling. 2nd bath was being added but not finished
  Windows: Most in good shape. Consider scraping and repainting where needed. One back window is either cracked or needs film removed
 Foundation: Slab foundation. No apparent issues
 Other: Tankless Water heater. Paint interior throughout
 
To submit an offer or set up a viewing please contact Eric at 334-319-8613 or email eric@rapidfireinvestments.com

Our deals move fast. If you would like to lock the property up, we do accept sight-unseen, no-contingency cash offers.

$2,500 earnest money check required for all buyers.

Realtors, add your fee (whatever you like) and bring us a buyer!
 

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