Price Drop: Packed Potential on East Patton

Asking $22,500 or best offer

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

707 E Patton Ave
Montgomery, AL 36111
Zillow
Photos
Details:
  • 3bd/1ba with 1,160 sqft
  • Vacant
  • Closing on or before 2/21/2022
  • Market Rent: $800/month
ARV is $70,000 based on the following comps:
  • 3541 Cambridge Rd is a 3bd/1ba with 1,310 sqft that sold for $93,500 in July 2021
  • 1323 Avalon Ln is a 2bd/1ba with 1,178 sqft that sold for $62,000 in September 2021

Repairs:
 Roof: Roof: 3-tab asphalt with some turned up shingles, however, there are no signs of leaks
 HVAC: The house does not have a HVAC unit
 Flooring: The hardwood flooring has buckled up from the bathroom flooding the house in the past
 Kitchen: The kitchen is in fair condition, the flooring in the kitchen needs to be updated but the cabinets are in good shape
  Bathroom: The bathroom needs to be completely redone
  Windows: The windows are completely brand new
 Foundation: There are a few cracks in one corner of the outside but nothing serious
 Other: The hot water heater needs to be replaced
 
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.

Must close with Garry S McAnnally (Montgomery office)

$2,500 earnest money check required for all buyers.

Realtors, add your fee (whatever you like) and bring us a buyer!
 

Join Our Investor List!

Sign up to get great real estate deals emailed to you for free.