Brief Property Description
The Indian Hills neighborhood will always be a great investment. Built in 1970, the home sits on .5 acre and the 4 bed 2 bath property has over 2000 square feet of living space. The home is equipped with central air.
Location
The location of this property is about 2 miles from Blount High School.
Competitive Overview (Buy & Hold)
There are approximately 81 properties being rented out within a 10-mile radius of this property. Properties ranging from $1200/month to $2000/month. With a ready to move in property, this home easily rents out for $1450/month.
Marketing
The demand for housing is already at an all-time high and the County of Mobile is still on a trajectory of growth. They are increasing the business footprint in the Mobile area. In addition to the general business growth, the students attending the university will mean it only takes a quick post to any online real-estate marketplace and you will have tenants at your doorstep within minutes.
Financial Information
Asking price is $95,000 OBO
The ARV (After Repair Value is just over $236,000 using verified home sales within the past 6 months.
As stated above, this home easily rents out for $1450/month. All appliances are included with the home upon purchase.
See Rentometer attachment to verify rents in area. You can request and we can provide if needed.
Improvements
This charming home offers a fantastic opportunity for renting or flipping. With the yard and interior currently being cleared of debris and tidied as we speak, envision a blank canvas awaiting your transformation.
Enhance the space with modernized cabinets and fixtures, elevating its appeal and functionality. Additionally, while there are no leaks, but consider addressing any roofing concerns to ensure the property’s long-term integrity.
Embrace the potential of this property, ripe for revitalization and profit.