(Rehab) 1,600+ sqft 3 Bedroom Turned 4 Bedroom - Birmingham, AL 35206

A wild one! Off market deal that I was able to snag up for 55,000*. Over 1,600 sqft in a great neighborhood with what seemed like 15ft ceilings. Definitely a lot of work is needed with this one, but the area it's in (Tarrant) is one of the better areas I've found to buy units in due to the demand and leasing times.

Video walk around before rehab:

This one definitely has some charm, plan for it is to re do the entire bathroom and bathroom subfloor, refinish the hardwood floors throughout the home, paint interior, new roof (soffits and fascia boards to be replaced as well), additional supports added under front of the porch area to address the sagging beam and a few more things to clean it up like power washing and touching up the siding.

Contractor Bid:

Clean property out 

Broken interior window

Replace broken door and fix door jam 

Replace bathroom vanity and repair floor 

Paint/repair interior as needed, porch included 

Remove vines, trim trees above roof, yard maintenance 

Sand and refinish existing hardwood floors.  

12 Light fixtures throughout house 

Cabinets redone 

Roof soffits and fascia boards

Total Bid: 17,950

Walk through video after rehab:

Post rehab, hardwood floors refinished, touch ups needed before inspection.

Numbers for this one:

Purchase price: 55,000

Rehab cost: 17,950

Total cost: 72,950

Expected ARV: 140,000

Expected rent: 1,300