Westminster Townhomes Fixer Upper

Price Drop: Asking $82,500 or best offer (-$5,000)

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

2948 Old Farm Rd
Montgomery, AL 36111
Zillow
Photos
Details:
  • 2 bd/2.5 ba with 1,944 sqft
  • AC unit is on the roof
  • There is a second-floor balcony off of the master bedroom overlooking a private courtyard
  • 2-car parking slab in rear
  • Market Rent is $1,100-$1,200/ month
  • Currently Vacant
ARV is $150,000 based on the following comps:
  • 2964 Old Farm Rd is a 3bd/2.5ba with 1,987 SqFt that sold for 164,000 in April 2020
  • 2977 Old Farm Rd is a 3bd/2.5ba with 2,031 SqFt that sold for $161,000 in September 2019

Repairs:
 Roof: Needs new roof
 HVAC: 2010. In good shape
 Flooring: Replace or refinish hardwood throughout. Consider replacing brick flooring
 Kitchen: Needs full remodel
  Bathroom:  Needs full remodel in all bathrooms
 Windows: In good shape
 Foundation: No apparent issues
 Other: Consider laying new concrete for the walkway/ back patio area. Paint throughout with the exception of brick walls in the living room and some walls in an upstairs bedroom.

 
 
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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