2712 Pine Tree Lane, Huntsville, AL 35810

Outstanding 4/1  Rent potential $825!

This 4/1 brick home could easily be converted to a 5/2 by enclosing the garage (which is common in Huntsville).  I would brick it and then paint all of the brick grey, white soffits/fascia and black shutters and door.  By adding a window and taking that course the home wouldn’t look like a garage conversion.  The big value is the bathroom of course, but that move would make this house really marketable.  As a 5/2 and by adding maybe 100 square feet to the home you might get $850 or $875 rent, but the main advantage is getting tenants that will stay longer.  This home got a new roof in 2009, the hvac is old (1996) and should be replaced.  The hardwood floors have been painted which can be good, as you can color match and it makes it very low maintenance while still looking pretty good (or you could go over it with lvp but I wouldn’t go to the added expense).  At $59,000 we make a $5,000 assignment fee (how is that for transparency) but the plus side is we will hook you up with our contractors and will provide a full rehab scope.  Our contractors will typically save you thousands of dollars on the renovation.  If this one is a $28,000 rehab (gut and redo the bathroom, add second bathroom and enclose garage, add kitchen cabinets, stain them and fix some of the things going on there, new interior paint and lighting, floor touch up, exterior paint, new hot water heater etc, smoke detectors, socket, switches and cover replacement etc)  then you are in this house for $87,000 and if it rent’s for $875 you hit the 1% rule.  Don’t do the conversion or add the bathroom and rehab might be $7,000 less so you’d be in $80,000 range renting for potentially $825.  With Alabama’s low property taxes you won’t touch these returns anywhere, click on the Proforma button below to see what I’m talking about.  The 3D Tour below shows the renovation quality that our contractors typically take these homes to.  Reserve this property today with $1,000 earnest money.  Basically you use your loan and renovation money from the lender to do the work through our construction company and end up with a turn key property without paying the mark up usually associated with turn key properties, more meat on the bone for you!

Property Details

Price: $59,000
Address: 2712 Pine Tree Lane
City: Huntsville
State: AL
ZIP: 35810
MLS #:
Square Feet: 1,300
Bedrooms: 4
Bathrooms: 1
Basement:

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