813 Wellington St Mobile, AL 36617

3/1.5 wood sided house on low piers. This house needs some leveling in the middle. Will need new flooring or to clean up the existing flooring. It needs appliances in the kitchen and will need a new bathtub. It’s really close to the USA hospital and many employers in the area. It will need a roof but there are no leaks at this time.

SPECS

Age of Roof: 15 years
Age of AC: 6 years

NUMBERS

Est ARV: $40,000
Est Reno: $15,000
Est Rent: $750
NOI: $7,685
COC ROI: 20.2%
CAP RATE: 34.93%

YOU SHOULD INDEPENDENTLY VERIFY ALL FACTS, FIGURES, REPAIR ESTIMATES, ARV’S, RENTAL AMOUNTS, PROPERTY FEATURES, AND MEASUREMENTS. ALL PROPERTIES ARE SOLD AS-IS, WHERE-IS. IRBY LLC/Irby Home Buyers, LLC has an assignable purchase agreement or other ownership interest in the property above. We are investors exploring the possibility of assigning our purchase contract with the seller, selling our interest in the property or doing a double close transaction. All deals and offers are subject to IRBY LLC/Irby Home Buyers, LLC getting marketable title. Member and manager of IRBY LLC and IRBY Home Buyers, LLC is a licensed Alabama Real Estate Agent.

Details

ID : 14577
Property Type : House
Purpose : Sell
Status : Available
Bedrooms : 3
Bathrooms : 1.5
Area : 1776 Sq Ft
Address : 813 Wellington St
State : AL
Zip Code : 36617
City : Mobile

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