Wholesale Deal in Woodley Park Neighborhood

Asking: $37,500 or best offer

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

3206 Montwood Dr
Montgomery, AL 36116
Zillow
Photos
Market Rent Report
Details:
  • 3 bd/2 ba with 1,075 sq ft (per county tax website)
  • Currently Vacant
  • Market rent is $700-$750/mo (see market rent report above)
ARV is $60,000 based on the following comparable sales:
  • 2834 Susan Dr (3 bd/2 ba with 1,332 sq ft) sold for $62,000 on 7/24/2020
  • 2813 Susan Dr (3 bd/2 ba with 1,263 sq ft) sold for $64,000 on 5/1/2020
  • 3133 Fredericksburg Dr (3 bd/2 ba with 1,213 sq ft) sold for $70,000 on 11/24/2020

Repairs:
 Roof: 3-tab. Age unknown but no apparent issues or leaks
 HVAC: A/C manufactured in April 2001. Furnace manufactured in August 2014
 Flooring: Has vinyl throughout in good shape
 Kitchen: Needs appliances, consider replacing countertops
  Bathroom:  Replace flooring in one bathroom and clean, replace medium-sized vanity and clean second bathroom
 Windows: The current owner boarded up the windows while it sits vacant. No apparent issues
 Foundation: Built on a slab. No apparent issues
 Other: Repair rotten wood on back of house, minor clean up of junk in back yard

 
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!
 
If not interested in this deal, check out our others here
Wholesale Deals
 

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