Fire Sale in Birmingham, AL. - a sale assets at a very low price

[Account Closed]

Not A fire - a sale of goods or assets at a very low price.

* 1736 33rd St., Ensley, Birmingham 35208 [$30k - $35k]
- Tenanted (2/1 unit) at $550 / mth. Rehab was finished in early July.
- New interior and exterior paint, polished wood flooring, new water heater, HVAC serviced, etc.
- Possible Cap Rate: 10+%
* 704 4th Ave West, Birmingham 35204 [$35k - $40k]
- Duplex (2/1 each side) with $3-5 left in rehab. (Rents: $600 / door)
- Roof replacement in 3-5 years. No leaks.
- Possible Cap Rate: ~15%
* 5402 Avenue D, Fairfield/Birmingham, 35064 [$18k - $20k ea] - Three homes (3/1 each) on one lot. Addresses: # 5402, # 5406, # 5410.
- Rehab near complete. New paint and carpets. Furnace, minor kitchen and minor bathroom remain.
- Possible Cap Rate: ~15 - 20%

http://www.realty103.net/