UNDER CONTRACT (you can still submit back up offers and/or check out our other properties) Turn-key Seller financing opportunity! Phone interview to qualify and no credit check. NOTE: We will consider cash offers. ATTN Buy and hold investors looking for killer cashflow ! Terms for financing. Down Payment of $11,060.42 Monthly payments of $105 for 8 years. Balloon payment of $21,031.58 due in 8 years. WHATS IN IT FOR YOU? Homes market rent can support $750 a month. Currently as it stands occupant is a family friend and on a month lease paying $400 a month. Tenant is tracking they must be flexible upon new ownership for the 3 outcomes to come which include buyer allows them to stay in place for $400 a month, Increase in rent, or they must vacate to find another residence. Target for the savvy investor is to complete cosmetics and increase rent to $750. After your payment to the seller of $105 you will pocket $645 a month, $7,740 a year, and $61,920 over the 8 year term. This will easily cover the cost of the balloon payment of $21,031.58 due in 8 years at the end of term. Better yet tenants are buying you the home! As it stands with your tenant paying $400 a month. After your payment to the seller of $105 you will pocket $295 a month, $3,540 a year, and $28,320 over the 8 year term. This will easily cover the cost of the balloon payment of $21,031.58 due in 8 years at the end of term. Better yet tenants are buying you the home! Property is on a corner lot. Also note the roof is in good condition and there is a new gas heating system that was installed for $3,200. The current tenant is paying $400 a month. He is on a month to month lease and understands that rent will be raised or he must find somewhere else to reside. He is a good hard working tenant and I would recommend keeping him. Unit contains a washer and dryer, dish washer, refrigerator. Sale occurred due to retiring land lord ready to step away. Take this opportunity for cashflow! VIDEO TOUR COMING SOON VIRTUAL TOUR COMING SOON ADDITIONAL PHOTOS AND VIDEOS COMING SOON Note: Sold As Is. Seller Disclosure Report not provided. Please conduct your own due diligence. Submit your highest and best offer! Property Records/Appendix A Status: Tenant Occupied Market Rents: $750 Estimated repairs $5 to $8 a sq. ft . ($3,375 to $6,750) / Only Cosmetics needed. Total Rooms: 4 Bedrooms: 2 Total Bathrooms: 1 Full Bathrooms: 1 Heating Type: Gravity Interior Wall Type: Gypsum Board (Drywall, Sheetrock, etc.) Garage Type: Garage Building Condition: Average Exterior Wall Type: Concrete Block Roof Type: GABLE OR HIP Roof Cover Type: Shingle (Not Wood) Sewer Type: Municipal Water Source: Municipal Number of Stories: 1 Building Size Building Area: 672 SqFt. Living Area: 672 SqFt. Gross Area: 720 SqFt. Garage Area: 216 SqFt. APN: 29-00-18-1-013-008.000 Old/Alternate APN: 2900181013008000 Property Class: RESIDENTIAL Property Type: Single Family Residential Zoning: R3 County Land Use Code: 111 Census Tract: 3802 Lot Width: 590 Lot Depth: 1,320 Lot Size: 0.179 acres Lot Area: 7,788 SqFt. School District: Birmingham City School District Block: 1 Lot Number: 12 District: 32-0000 Municipality: BIRMINGHAM Subdivision Name: DOBBINS BROS-CEN PK 2ND Meridian: SEC 18 TWN 18S RNG 03W Legal Description: LOT 12 BLK 1 DOBBINS BROS CENTRAL PARK 2ND SECTOR Property Tax: $548 Tax Jurisdiction Code: 32 FEMA Zone X (est.) Flood Factor flood 1/10 - This property has a minimal Flood Factor
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