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 [email protected]

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.