6109 Blocton Ave

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This off-market gem in Birmingham, AL, is perfect for your next flip or rental project. From its versatile layout to its desirable features, this property is sure to stand out in your portfolio.

🛠️ Property Details:
📍 Address: 6109 Blocton Ave, Birmingham, AL 35228
🛏️ Bedrooms: 4
🛁 Bathrooms: 2
📐 Square Footage: 1,798 sqft on tax records
🏡 Construction: All-brick home for added durability
🏞️ Yard: Generous 6,396 sqft lot with ample space for outdoor living
🏠 Condition: Needs updates, including LVP flooring, drywall repairs, kitchen/bathroom updates, and more

📊 Recent Comparable Sales (Comps):
1️⃣ 1114 Wilkes Road: Sold for 177,500 (1,623 sqft | 109/sqft)
2️⃣ 420 Grant St: Sold for 174,000 (1,780 sqft | 98/sqft)
3️⃣ 1107 Oak St: Sold for 188,000 (1,660 sqft | 113/sqft)

📈 Market Rent Comps:
This property is ideally located in a strong rental market. Here’s what similar properties in the area are currently renting for:

1️⃣ 4-bedroom, 1-bath at 1621 Alemeda Ave SW: Rents for 1,500/month
2️⃣ 4-bedroom, 2-bath at 5722 Court I: Rents for 1,400/month
3️⃣ 4-bedroom, 1-bath at 653 Alabama Ave SW: Rents for 1,450/month

💡 Potential Rent for 6109 Blocton Ave: Estimated at 1,400 to 1,500/month, depending on updates and finishes.

💸 Financial Breakdown:
💎 How ARV Was Calculated:
Let’s be real: most wholesalers just 🤷🏼‍♂️ guess at ARV and hope no one asks too many questions. But we believe in transparency, so here’s how we came up with ours:

We analyzed three recent comparable sales in the area:
1️⃣ 1114 Wilkes Road: Sold for 177,500 (1,623 sqft at 109 per sqft)
2️⃣ 420 Grant St: Sold for 174,000 (1,780 sqft at 98 per sqft)
3️⃣ 1107 Oak St: Sold for 188,000 (1,660 sqft at 113 per sqft)

Step 1: Average price per square foot: 109, 98, and 113 give us an average of 106 per square foot.
Step 2: Multiply the average by the subject property's size (1,798 sqft):

106 x 1,798 = 191,755

See? No magic wands or back-of-the-napkin math here—just solid comps and a calculator.

💎 Average ARV: 191,755
💵 Assignment Price: 79,500
💰 Estimated Equity: 75,255 (after👇🏼 37,000 estimated rehab)

🔧 Rehab Estimate:
LVP Flooring: 6,300 - 10,800
Drywall Repairs: 600 - 1,200
Interior Painting: 2,700 - 4,900
Kitchen and Bathroom Updates: 7,500 - 12,500
Appliances: 2,000 - 3,000
Minor Electrical Work in Utility Room: 800 - 1,200
Minor Plumbing Work: 700 - 1,500
Deck Steps Repair: 500 - 900
Miscellaneous Touch-ups: 500 - 1,000
📌 Total Estimated Rehab: 21,800 - 37,000

🌟 Why This Property is a Must-Have:
This property is packed with value-added features:

Spacious layout with 4 bedrooms and 2 bathrooms, offering versatility for families or tenants
All-brick construction for long-term durability and low maintenance
A generous yard, perfect for outdoor living or entertaining
💥 The best part? It’s vacant and ready to go! Close this deal before the month ends and start 2025 with a profitable project in hand.

To submit an offer or schedule a showing, please contact the seller on the listing.

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