210 Sharon Lane, Montgomery, AL 36108

Outstanding 3/1 Rent potential $800!

This 3/1 brick home is located in an excellent subdivision that has wonderful pride of ownership and it’s a very stable neighborhood that has typically been historically largely owner occupant homes.  This home has a brand new roof, and we have a renovation scope that would provide a completely gutted and redone kitchen with granite, gutting the bathroom putting in a new tub, tile surround, vanity, toilet and flooring, the home would have new interior and exterior paint as well as updated lighting and electrical systems.  The home has a formal living room, a den and spacious kitchen.   The yard is tremendous and is fenced and there is a huge covered porch that is perfect for grilling and watching SEC football Saturdays. There are strong comparable sales in the neighborhood, and many homes have been undergoing renovation.  This home should rent for around $800 per month so it blows the 1% rule out of the water, and remember that Alabama has some of the lowest property tax rates in the United States.  We have the property under contract for $28,000 we will assign the contract for $10,000 and let you use your money/loan to buy the house and do the renovation with access to our crews or your own.  We have a renovation scope that could be between $20,000-$28,000 depending upon what you decide to do.  You may use our property manager or your own.  This is a chance for your property to be as turn key as you want without paying as much mark up and having more meat on the bone.   What if you were in this property for $58,000-$62,000 and the rent potential was $800-$825 per month this is a great property that would be an excellent return on investment.  THE 3D TOUR BELOW SHOWS THE RENOVATION STANDARD OF WHAT THIS HOME COULD LOOK LIKE ONCE FINISHED SO PLEASE TAKE TIME TO WATCH THAT!

Property Details

Price: $38,000
Address: 210 Sharon Lane
City: Montgomery
State: AL
ZIP: 36108
MLS #:
Square Feet: 1,125
Bedrooms: 3
Bathrooms: 1
Basement:

Additional Features:

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Property Video

This is an example off the ROITK finish level from another recently completed property.

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