Single-Family Buy & Hold

[Stephen Broadus]

Investment Info:

Single-family residence buy & hold investment in Phenix City.

Purchase price: $123,000

Bought a 3 BR 2 BA + 1 car garage property. It is located near the wanted schools and averages about $100/ sqft. I want to renovate the 330 sqft basement to add about $33,000 worth of value for less than $20k. The basement is only accessible from a side staircase which makes it a very attractive Air BnB option.