New construction in Athens Alabama

[John Wesley Brooks]

Investment Info:

Single-family residence other investment.

Sale price: $293,900

This was a brand new full brick two story home we built. We closed it on March 2019. We have several new ones starting now as well as few more flip houses as investment and rentals.
This real estate had an OPEN FLOOR PLAN CUSTOM HOME HEAVY TRIM.
Features 4 BD/3 full baths, stack stone cov. front & 10x14 covered rear porch, 5 in. Hand scraped hardwood floors in all main areas. 9ft smooth ceilings, Cer.Tile in laundry/ baths, beautiful kitchen design w/ custom cabinets w/ bead board backing, featuring granite counters & Stainless Steel App package + Lg Kit Island. Decorative crown molding, LG Master w/walk in closet + Glamour Bath & Hall Bath has Gentleman height counters, Elongated Toilet, Tile shower w/ glass knee wall & tile boarder garden tub 5 in. baseboards, rounded corners, Trey Ceilings, Dbl Pane Win & Bonus Room. Shiplap FP, Accent Wall in Master & Shiplap in Trey Ceiling. Just to name a few of the features on this one.

What made you interested in investing in this type of deal?

The market in North Alabama has gotten very hot and "deals" are not as often popular as they were months ago! So buying a lot and building a new house is another real estate investment option for people like us in the area. When inventory is low and you have to use other type of real estate as this one even if the building process takes a little longer, still, makes one great option for those who patiently wait for their investment return. This home was sold before we were finished building it!

How did you find this deal and how did you negotiate it?

We bought the lot first, and then we decided to build on this lot in Athens and another one in Madison, Alabama. Full price offers on both properties! So, new construction is also another way we invest in real estate locally.

How did you finance this deal?

Private Money.