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Price Drop: Excellent East University Flip

Asking $205,000 or best offer

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

816 E University Dr
Auburn, AL 36830
Zillow
Photos
Details:
  • 4bd/2.5ba with 2,101 sqft
  • Rented for $1,200/month. Will be vacant prior to closing
  • Closing on or before 7/29/2022
  • Market Rent: $1,900/month
ARV is $325,000 based on the following comps:
  • 901 S Dean Rd is a 3bd/2ba with 1,851 sqft that sold for $330,000  in June 2021
  • 1005 S Dean Rd is a 4bd/2ba with 1,875 sqft that sold for $275,000 in September 2021 
  • 831 E University Dr is a dated 4bd/2.5ba with 2,422 sqft that sold for $250,000 in October 2021

Repairs:
 Roof: Shingles - Replaced in 2021
 HVAC: Age unknown - Working currently
 Flooring: Replacing some carpet/hardwoods in good shape
 Kitchen: Dated - In good shape
  Bathroom: Dated - In good shape
  Windows: Wood - In good shape
 Foundation: Split level - No apparent issues 
 Other: Paint throughout
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!
 
Not interested in this deal? Click here to view our other listings
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 Disclaimer: Sender of this email is not acting as a Real Estate Agent, Real Estate Broker, Securities Dealer, Broker or US Investment Advisor. Sender of this email makes neither warranties nor representations as to the Buyer, Seller nor Transaction. Receipt of these documents is acknowledgment and acceptance that this is privileged, proprietary and confidential and will not be forwarded to any party(s) without prior written consent from the sender. Confidentiality: This email message and its attachments are covered by Electronic Communications Privacy Act, 18 U.S.C ss 2510-2521 and is intended only for use of person or entity to which it is addressed. If you are not the intended recipient or have received this message in error, you are prohibited from disseminating or otherwise using this information under law.

An investment buying real estate involves substantial risks. Each investor should carefully consider the risk factors and conduct their own due diligence before investing.  This statements shown, and on our websites may contain forward-looking statements and are based upon our current expectations, plans, estimates, assumptions and beliefs that involve numerous risks and uncertainties. Although we believe that the expectations reflected in such forward-looking statements are based on reasonable assumptions, actual results and performance could differ materially from those set forth in this current statement.  Any financial projections or returns shown on this email are illustrative examples only, and there can be no assurance that any real estate valuations or estimates provided are accurate or in agreement with market or industry valuations. Any investment information contained herein has been secured from sources Rapid Fire Investments are reliable, but we make no representations or warranties as to the accuracy of such information and accept no liability therefor.  We have equitable ownership interest and will assign our rights in the contract to the buyer.  Asking price above includes the original contract price & assignment.  Terms of original contract, unless otherwise noted above, include:  As-is, where-is purchase; cash or hard money closing; fully insured & clear title delivered at closing.  Any comparable sales presented as accurate, but are not a guarantee or opinion of value. Again, Investors should conduct their own due diligence, not rely on the financial assumptions or estimates displayed on this email and/or our other websites, and are encouraged to consult with a financial advisor, attorney, accountant, contractor, and any other professional that can help you to understand and assess the risks associated with any investment opportunity. 
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