This our latest offering in the Birmingham, AL market. We closed back on Jan 14th since we had only seven days to close.This property will be targeted for remodel and resale on MLS. Its located in a great part of town. It will require roof repair, new light fixtures, fresh paint throughout inside. Also, we will add a new kitchen , new appliances, new countertops, updated bathrooms. This project will take 45 days to complete.
Purchase Price: $60,000
Renovations: $55,000
After Repair Value: $180,000
We will be paying 10% rate per annum with a 6 month promissory note.