3/2 Manufactured Home on 4.59 Acres
3/2 manufactured home on 4.59 acres
2 other permanent buildings on property
Roof needs to be replaced
Leak underneath house - pipe needs repair
Flooring in kitchen needs to be replaced
Estimated repairs: $12K
Tax assessment: $61K
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 approx. $61,000.00.
A reasonable expectation of return would appear to be:
ARV (After Repair Value)
$103,000.00
-List Price $63,500.00
-Repairs $12,000.00
-Holding & Closing $2,000.00
Potential Profit $25,500.00
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)