1293 & 1295 Commerce Dr

Awesome Auburn Duplex

Asking $223,500 or best offer

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

1293 & 1295 Commerce Dr
Auburn, AL 36830

Zillow

Photos

Details:

3bd/2bd on each side, 1,250 sqft per side
Right side rented to long term tenant month to month at $700/mo
Left side just signed a 1-year lease at $750/mo
Tenants pay their own electricity and the owner pays the water which runs $80/mo
Closing on or before 3/11/2022
Market rent: $1,100/month

ARV is $250,000 based on the following comps:

1298/1300 Ty Ct is a duplex with 3bd/2ba with 1,222 sqft that sold for $252,000 in July 2021 after 5 DOM

Repairs:
Roof: New shingle roof replaced 2 years ago
HVAC: Central HVAC. Age unknown but working as it should
Flooring: Tile is in good condition and can be found in the kitchen, living rooms, and all but one bathroom. Has carpet in the bedrooms
Kitchen: Cabinets and Formica countertops in good condition. Consider upgrading appliances.
Bathroom: Consider replacing flooring. Minor drywall repair above the tub. Otherwise, it's in good shape
Windows: Vinyl windows in good condition
Foundation: Built on a slab. No apparent issues
Other: Paint interior

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!

Awesome Auburn Duplex

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