Almost Turnkey Rental or Flip Opportunity!
-
Single Family House -
2 -
1 -
1987 -
1026 -
1026 -
No Garage
Description
Address: 662 Johnston Ave, Mobile, AL 36606
ARV: $99,000
Starting Price: $55,000
Rehab Estimate: $15,000
Rent Estimate: $1,000 - $1,100/mo
Roof - 2024
Windows - Single pane, Great condition except One broken
Foundation - Crawl space; Great accessibility, great ventilation, no known issues; A couple hairline cracks in interior plaster
HVAC - Needs outside unit & possibly inside unit
Flooring - Needs some flooring in kitchen (pine is original flooring, LVP/laminate on top of it in living/ding, vinyl tile on top of pine in kitchen)
Paint - Fresh paint inside and outside
Exterior - Great backyard, Great street, Great curb-appeal
Fence - A few pickets needs replaced/installed
Kitchen - Needs a couple extra cabinets;Refinish cabinets; New laminate counters
Essential Scope of Work:
- Front door paint/repair/replace
- Add a few fence pickets
- Replace outside HVAC, potentially inside unit
- Replace kitchen flooring, potentially add flooring over original flooring; It's rent ready as-is
- Fix one broken window
- Add a couple kitchen cabinets & refinish existing; Replace laminate counters with new
- Replace ceiling drywall in master bedroom and add light/ceiling fan
- New stove already on site
- Newer water heater already on site
Estimated Spread
- ARV $99,000
- Price $55,000
- Spread $44,000
