Rare Cash Flowing Multi Opportunity!

Asking $42,000 or best offer

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

1404 14th Street, Phenix City, AL, 36867, United States

Zillow
Photos

To submit an offer or set up a viewing please contact Jacob at 706-641-7063 or email [email protected]

Details:

  • 2bd/1ba with 1132 sqft
  • Built in 1930
  • Tenant Occupied
  • Closing on or before 12/28/2022
  • Market Rent: $1050/month

ARV is $80,000 based on the following comps:

  • 1502 17th St 3 Bedroom 2 Bath 1350 sf Sold on 11/16/2021 for $99,900
  • 1710 16th Ave 2 Bedroom 1 Bath 1257 sf – Sold on 12/3/2021 for $75,000

Repairs:
Roof: Less than 5 years, suggest further buyer DD 
HVAC: Window Units
Flooring: Carpet, linoleum, LVP – Recommend Updating
Kitchen: Apartment – Poor, Main home below average – Recommend Updating

Bathroom: Apartment – Poor, Main home – Average – Recommend Updating
Windows: Wood – Average
Foundation: Crawl Space – No apparent issues in either home. Some sagging joists noted.

Additional Notes:

2 Dwellings on property! 

  • Main house is 1bed/1bath – Apartment is 2bed/1bath
  • Main house can be easily made 2/1 or 3/1 – it is possible to make it a duplex as it already has 2 front doors 1/1 per side. Potential for duplex and finished apartment up to $1,500 a month cash flow
  • Easily 2/1 w apartment – 1,100 monthly cash flow
  • Apartment is small and needs work – main house needs updating – has some sagging joists not too bad.
  • 1132 sf main – 528 sf apartment
  • Property has commercial applications – surrounded by commercial backing up to a neighborhood
  • Tenant is currently $500/month to month in the apartment.

To submit an offer or set up a viewing please contact Jacob at 706-641-7063 or email [email protected]

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!

Not interested in this deal? Click here to view our other listings

We are growing our team!

We are hiring! We believe in developing world-class salespeople, investors, and human beings. This is a career, not just a “job.” Our people will have the ability to earn really well and invest in their future through real estate.

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 Disclaimer: Sender of this email is not acting as a Real Estate Agent, Real Estate Broker, Securities Dealer, Broker or US Investment Advisor. Sender of this email makes neither warranties nor representations as to the Buyer, Seller nor Transaction. Receipt of these documents is acknowledgment and acceptance that this is privileged, proprietary and confidential and will not be forwarded to any party(s) without prior written consent from the sender. Confidentiality: This email message and its attachments are covered by Electronic Communications Privacy Act, 18 U.S.C ss 2510-2521 and is intended only for use of person or entity to which it is addressed. If you are not the intended recipient or have received this message in error, you are prohibited from disseminating or otherwise using this information under law.

An investment buying real estate involves substantial risks. Each investor should carefully consider the risk factors and conduct their own due diligence before investing.  This statements shown, and on our websites may contain forward-looking statements and are based upon our current expectations, plans, estimates, assumptions and beliefs that involve numerous risks and uncertainties. Although we believe that the expectations reflected in such forward-looking statements are based on reasonable assumptions, actual results and performance could differ materially from those set forth in this current statement.  Any financial projections or returns shown on this email are illustrative examples only, and there can be no assurance that any real estate valuations or estimates provided are accurate or in agreement with market or industry valuations. Any investment information contained herein has been secured from sources Rapid Fire Investments are reliable, but we make no representations or warranties as to the accuracy of such information and accept no liability therefor.  We have equitable ownership interest and will assign our rights in the contract to the buyer.  Asking price above includes the original contract price & assignment.  Terms of original contract, unless otherwise noted above, include:  As-is, where-is purchase; cash or hard money closing; fully insured & clear title delivered at closing.  Any comparable sales presented as accurate, but are not a guarantee or opinion of value. Again, Investors should conduct their own due diligence, not rely on the financial assumptions or estimates displayed on this email and/or our other websites, and are encouraged to consult with a financial advisor, attorney, accountant, contractor, and any other professional that can help you to understand and assess the risks associated with any investment opportunity. 


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