(Rehab) Beautiful 3 Bedroom 1 Bath Rental - Birmingham, AL 35217

This is a beautiful 3/1 I was able to snatch up for 69,500 from a wholesaler that I've been able to source a few deals from. With minimal work needed and an amazing location in the Tarrant area of Birmingham, Alabama - it was a no brainer. Previous units I've purchased and rented in this area have been leased and inspected within 1-2 months and rents have be higher then other areas.

Pictures before rehab:

Not many things were wrong with the house. Came with a solid HVAC, Roof, Water heater and just about everything else. Just needed an interior turn around.

Contractor Bid:

Refinish hardwood floors

Repair stairs, porch, and stoop in front and rear

Replace and repair block wall

Fix or replace interior light fixtures

Bathtub refinish

Remove trash

Cut Trees back and landscape

Cover attic and crawl space access

Section 8 ready

Remove dead tree in front of house and adjacent to house

Total Bid: 14,000

Walk through video after rehab:

Numbers for this one:

Purchase price: 69,500

Rehab cost: 14,000

Total cost: 83,500

Expected ARV: 130,000

Expected rent: 1,200