Off-Market Property Archive

This property is no longer actively listed. Off market since August 18, 2023. Interior photos, property details, and location data are preserved for neighborhood research and comparable analysis.

Last listed at 39,900.00

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5224 8th Ave, Birmingham, AL 35224, USA

$39,900

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Title: Lucrative Real Estate Wholesale Opportunity - Ideal for Investors! Introduction: We have an exciting real estate wholesale opportunity in a prime location. This property, currently a 2-bedroom, 1-bathroom, has the potential to be converted into a 3-bedroom, 1-bathroom or 3-bedroom, 2-bathroom home. With an estimated after-repair value of $135,000, this property offers excellent profit potential. Property Details: Location: Highly desirable neighborhood with convenient access to schools, shopping, parks, and transportation routes. Bedrooms: Can be expanded from 2 to 3 bedrooms, maximizing its value. Bathrooms: Potential to add an additional bathroom during renovations. Rehab Investment: $50,000 needed to upgrade the interior, enhance bathrooms, expand bedrooms, and improve overall aesthetics. Investment Potential: After-Repair Value (ARV): Estimated at $135,000, taking into account renovations and added square footage. Profit Margin: With a $50,000 rehab budget, potential profit of approximately $35,000. Why Invest? Promising Location: Strong demand for housing in the sought-after neighborhood. Value Enhancement: Expanding bedrooms and adding bathrooms will significantly increase market appeal. Potential for Passive Income: Opportunity for rental income in a robust rental market. Conclusion: This real estate wholesale opportunity offers exceptional potential for investors seeking attractive returns. With a strategic $50,000 renovation investment, this property can be transformed and increase its value. The estimated after-repair value of $135,000 and potential profit margin of $35,000 make this a compelling opportunity. Don't miss out! Contact us today to secure this property and unlock its full potential!