2929 5th Avenue, Tuscaloosa, AL
17.27% return
SP:
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Property Description

Handyman Special!!! 20%+ net return possible! SINGLE FAMILY. In need of renovation. Insane value add opportunity. Located minutes away from University of Alabama. Owner financing is available!!! Crews for renovations are in place and are ready to turn this neighborhood around. This package is for experienced investors only. Tons of population growth in the MSA. Buildings and units will be brand new after remodel and will last for a long time with minimal maintenace. Do not miss out!

Property Information

  • Listing statusActive
  • Property typeSingle Family
  • Total bedrooms3
  • Total bathrooms1
  • Building size1626 sq. ft.
  • Lot size0.0 acres
  • Year built1970
  • CountyTuscaloosa County
  • Subdivision
  • ConstructionBrick
  • RoofShingle
  • Water sourceCity water
  • Water disposalSewer
  • HeatingCentral Heat
  • CoolingCentral air

Property Financial Summary

  • Sale price $37,500
  • Estimated rehab 1 $10,000
  • Total investment $47,500
  • Type Proforma
  • Gross income (annually) $10,800
  • Operating expenses (annually) $2,599
  • Net income (annually) $8,201
  • Gross return 22.74%
  • Gross income (monthly) $900
  • Operating expenses (monthly) $217
  • Net income (monthly) $683
  • Net return 17.27%

Property Income & Expenses

  • Income
  • 3 bed / 1 bath $900/month $10,800/year
  • Total $900/month $10,800/year
  • Expenses
  • Property Taxes $53/month $639/year
  • Insurance (estimated) $67/month $800/year
  • Maintenance reserve $67/month $800/year
  • Lawn care $30/month $360/year
  • Total $217/month $2,599/year

Property Questions & Answers

Q: How do I make an offer on this property?
A: Placing an offer is a simple process. All offers must be presented in writing with an escrow deposit of 10% or $5,000, whichever is larger. Escrow has to be sent to the attorney or title company who is handling the file for this property. Please send us an inquiry and one of our team members will get in touch with you to further assist you. You can also give us a call.

Q: Does this property come with clear title?
A: All our properties come with clear title. We highly recommend you purchase title insurance as well.

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