Industry Links
A Brooklyn Artist Reflects on Work and Life in a $600-a-Month Apartment
Real Estate Articles
Newest Members
Blog Entries
Pros and Cons of Purchasing a Foreclosure Auction Property
There are many properties being offered at foreclosure auctions across the nation right now. Some are good investments and others are not.
Read More
How to Purchase a Fannie Mae Foreclosure Property
Purchasing a Fannie Mae property in my opinion is the easiest and best way to go right now if you are looking for a foreclosure property. Fannie Mae is government run.
Read More
Relevant Ads

  Property Details  
Property Images
Property Information
Project Name : 4,000 sq. ft. 4-Plex for 55% LTV!
Property Type : 2 - 4 Units
City : Members Only
State : Alabama
Zip Code : Members Only
County : Members Only
Square Footage (GLA/ GBA) : 4032
Lot Size : Members Only
Lot Attributes : Members Only
Measurement : Sq. Ft.
Number Of Units : 4
Zoning Code : Members Only
Over All Property Condition : Light Fixer
Property Description:
Price: 70K
Repair: 8K
After Repair Value: 140K
Tax Appraised Value: 102K

4000 sq. ft. brick 4-plex comprised of 2br/1bath in each unit. This property
is located in the historic area of Ensley Highlands. A new Applebee’s has
been built down the street. By purchasing now would put you in a great
position whenever the full revitalization takes place. This apartment building
needs some cosmetic work such as: New appliances in all units and some
paint and carpet in a few units. New ceramic tile in all the kitchens and
hardwood floors are located under the carpet in the other areas. Refinish and
drastically increase the value. I would estimate that repairs should equal to
about 2k per unit. Potential rents per month for this building will easily be
$2000-$2400 per month.
Surrounding Neighborhood:
Members Only
Purchase & Invesment Information
Purchase Price : $70,000
Investment Type : Wholesale Property
Investment Amount Needed: $0.00
Equity offered to Equity Partner : 0.00
Estimated Cash on Cash Return for Investor : Members Only
Contingency Expiration Date : Members Only
Process Complete to Date:  
  Members Only  
Why is the Property being Sold?:
Members Only
Personal Invesment Details
Will Seller Carry a Note : Yes
Familiarity with Property : Somewhat Familiar
Familiarity with Neighborhood : Somewhat Familiar
Time Inveting in Realestate : 1 - 3 Years
Property Documents
Brochures / Flyer (1)   Market rent / Vacncy Information(0)

Demo Graphics (0)   Floor Plan / Site Plan (0)
Copyright 2007 by Action Investor Network, Inc. All Rights Reserved
Web solutions by Sunsoft