3/2 Fixer in Phenix City, AL on Big Lot

[Kellum Lewis]

Vacant Fixer, Priced to Sell

1323 sf, 3 bedroom, 2 bath with lots of amenities, perfect for investors, first-time rehabbers, landlords or home buyers. Huge lot (.32 acres) for gardening or expansion.

Home comes with:

♥ Clean Title

♥ Situated on cul-de-sac for Privacy

♥ 3 Bedrooms with Walk-in Closets

♥ Living Room + Den w/Fireplace

♥ All Appliances (Washer, Dryer, Refrigerator, Stove, Microwave)

Roof has been recently repaired but will need to be replaced within the next few years. Kitchen plumbing recently repaired. Plumbing work needed in 2nd bath. Water damage in kitchen. Needs cosmetic update. $20K should bring this home into top-notch shape. 

Comparables in the area are difficult to come by as not much has sold in this subdivision in recent years. The tax assessment on this property is $66,915.00. A reasonable expectation of return would appear to be:

ARV (After Repair Value)

$89,500.00

-List Price $56,000.00

-Repairs $20,000.00

-Holding & Closing $2,000.00

Potential Profit $11,500.00

This could also be a nice deal for landlords who are interested in the long-term gains from the area’s growth.

Buyer to do all due diligence. Seller believes the information provided to be accurate but makes no guarantee.

Keywords: Fixer, TLC, Investor Special, 3/2, Phenix City, Alabama, Columbus, Georgia, Ft. Benning 

Kellum Lewis

(626) 872-LEAF (5323)

[email protected]

www.CommunityGreenProp.com