Additional Details

• Ideal Investment Strategy: Rental/Resale
• Potential ARV: $390,000-$420,000
• Estimated Rehab: $170,000-$180,000
• Comparable Rent: $3,500-$3,700
• Construction: Frame
• Occupancy: Call your Agent
• Multifamily Comp 1: 104 N Ann St, Mobile, AL 36604 -- 6/5/2,591 sq ft -- SOLD $700k JUNE 2023 -- (Remodeled Quadplex - $175k per door)
• Multifamily Comp 2: 57 N Ann St #1-4, Mobile, AL 36604 -- 3,761 sq ft SOLD $332k JANUARY 2021 -- (Quadplex, Clean/Updates sold over two years ago))
• Multifamily Comp 3: 2100 Springhill Trce, Mobile, AL 36608 -- 5/3 2,624 sq ft SOLD $340k FEBRUARY 2023 -- (Duplex, Basic Rental Updates $170k per door)
• Single Family Comp 1: 77 S Ann St, Mobile, AL 36604 -- 3/3 2,652 sq ft -- SOLD $470k APRIL 2023 -- (1985 Build Single Family, Remodeled)
• Single Family Comp 2: 156 S Monterey St, Mobile, AL 36604 -- 3/3 2,487 sq ft -- SOLD $379k JUNE 2023 -- (1990 Build Single Family, Updated)
• As-IS Comp 1: 960 Dauphin St, Mobile, AL 36604 - 4/3 4,634 sqft PENDING $214,500 JULY 2023 -- (Two Story Single Family, Completely Gutted, AS-IS)
• Rehab Description: For a rental or flip this property requires a full restoration. Renovate each unit. Replace the roof and install central air or window units to maximize value. Electrical, plumbing, and windows require attention. Fire damage remediation is required. Optionally, convert layout to a single family where homes this size are selling well north of $400k. Finish off with landscaping to boost curb appeal!
• Features: MULTIFAMILY MONEY! Opportunity to own a potential income producing Quadplex. In the Old Dauphin Way Historic District. Approved for Neighborhood Renewal Property. Property is vacant and ready for your vision to come to life. Put in the sweat equity to make this a SWEET cash flow deal! You can't find this type multifamily available with this kind of equity at this price point!
• Important Details: --> Vacant on Lockbox! --> Layout shows 5 bedrooms / 5 bathrooms --> Apply for the Grant (seller stated up to $40k) towards the exterior of property, application must be submitted.
• Hard Money: Pre-Approved by PropertyForce Funding for up to 60% LTV – See PropertyForce Funding Tab