Oak Terrace – Rental with good tenant!

Asking $19,900.00 or best offer

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

1058 Henle Street, Montgomery, Alabama, 36108, United States

Zillow
Photos

To submit an offer or set up a viewing please contact Lanier at 3343198613 or email lanier@rapidfireinvestments.com

Details:

  • 2bd/1ba with 805 sqft
  • Built in 1950
  • Tenant Occupied
  • Closing on or before 06/17/24
  • Market Rent: $800.00
  • Current Rent: $600.00
  • Rental growth possible – not much reno!

ARV is 53600 based on the following comps:

  • 3341 Caffey Dr (36108) 2/1 & 950 (rent$800) sold 3/14/24 @ $52,000. built 1950. MIR & renovated, new HVAC, electrical & water heater(54.73)
  • 2423 W Edgemont (36108) 2/1 & 700, sold 12/22/23 @ $60,500, built 1950 MIR, renovated, new roof, HVAC & LVP
  • 913 E. D Nixon, 3/1 & 1190, sold 4/19/24 @ $65,000, built 1945, MIR, renovated, original HW floors, new HVAC (54.62)

Repairs:

 Roof: due diligence recommended

HVAC: gas heat / window units

Flooring: wood / carpet – decent shape

Kitchen: kitchen is in good condition

Bathroom: the bathroom is in good shape

Windows: wood – look good

Foundation: conventional – due diligence recommended

Other: home is good for its age. has been a rental

To submit an offer or set up a viewing please contact Lanier at 3343198613 or email lanier@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!

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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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.
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