INVESTMENT FOR SALE - 5 unit apartment building - HOTTTT!!!!

2800 24th St N, Birmingham, AL 35207

$150,000 After Repair Value -
$65,000 Asking Price -
$35,000 Cost of Repairs =
$50,000 Potential Profit

Property Details

Asking Price $65,000

After Repair Value $150,000

Costs of Repairs $35,000

Potential Profit $50,000

Living Area N/A

Property Type Multi-Family

Bedrooms 1

Bathrooms 1

Half Bathrooms N/A

Parking 1

Listed with Agent No

Property Description

FINANCIALS
(2800 24th St W Birmingham AL 35208)
1. Sale Price - $65,000
3. Closing costs - $4,000
5. Rehabilitation estimate: $35,000
6. Buyer out of pocket costs ? (#2, #3 & #5) - $52,000
7. Property value ? complete rehab and fully rented - $150,000
8. Property value minus loan amount = $95,000 (Equity)

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