Huge SFR in Johnstown Neighborhood

Asking $130,000 or best offer

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

505 Wakefield Dr,
Montgomery, AL 36109
Zillow
Photos
Details:
  • 3bd/3ba (Could convert the den into 4th bedroom)with 2,838 sqft
  • Owner-occupied
  • Will be vacant upon closing
  • Has a 2-car covered carport that is attached
  • Has a lower-level storage room/ basement that is accessible from the exterior
  • Has a fully screened in sunroom
  • Market Rent is $1,300-$1,600/ month
ARV is $210,000 based on the following comps:
  • 4073 Ray Dr is a 4/2.5 with 2,703 SqFt that sold for 200,000 in January of 2021
  • 636 Mary Ann Dr is a 4/2.5 with 2,369 SqFt that sold for 210,000 in March of 2021
  • 701 Dalraida Rd is a 4/2.5 with 2,264 SqFt that sold for 200,000 in February of 2021

Repairs:
 Roof: 3 tabs, In good shape
 HVAC:  2014
 Flooring: Hardwood, carpet, and linoleum in the kitchen. Replace linoleum in kitchen and replace carpet in the front den
 Kitchen: Replace countertops, stove, and cabinets. Has stainless steel fridge and dishwasher

  Bathroom:  Re-do tile around tub, update fixtures in 1 bath/update fixtures, replace tub insert, re-do tile around tub and shower in master
 Windows: In good shape
 Foundation: In good shape

 Other: Update fixtures, paint throughout except sunroom, small repairs to exterior wood and fascia boards

 
 
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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