8149 2nd Ave S, Birmingham, AL 35206

UNDER CONTRACT (You can still submit back up offers and/or check out our other properties) Seller financing opportunity! Section 8 Turn key that is currently rented for $675 a month. Phone interview to qualify and no credit check. NOTE: We will consider cash offers. Terms and price for seller financing: Down Payment of $11,889.10 Monthly payments of $167 for 10 years, Balloon payment of $40,090.90 due in full at the end of 10 year term. WHATS IN IT FOR YOU? Home rented under section 8 tenant currently for $675 .After your payment to the seller of $167 you pocket $508 a month, $6,096 a year, and $60,960 over the 10 year term. This will easily cover the cost of you repairs and balloon payment of $40,090.90 due in full at the end of 10 year term. On another note you can renovate and increase the rent to 850 a month, pocket the increased cash flow and cash out refi for 75% LVT at the end of the term to cover the balloon and have some more cash to invest with! Best thing is the tenants are buying you the home! Annual inspection will be within the next 30 to 60 days to reinstate with Section 8 of Birmingham. Currently under property management with Phil Bostany Realty Co. Lease expiration is 30 November 2020. My assessment of making the home 100 % would be $10 a square foot. Ideally positioned to enjoy the proximity of schools, Ruffner Mountain view, local parks, banks, restaurants, Village Market, groceries, and other amenities nearby. This property sits on a flat level 0.189-acre lot and offers 2 well-sized bedrooms. Call today and add this to your portfolio for that cash-flow in no time! VIDEO TOUR https://drive.google.com/drive/folders/1vmBaPiWGzYKJNag5nwsLBGN5CNq-Se4-?usp=sharing VIRTUAL TOUR https://www.nodalview.com/ZGFHtuTW6S96GaBxGfoPLGrj ADDITIONAL PHOTOS AND VIDEOS https://bit.ly/3jKo1Jz Note: Sold As Is. Seller Disclosure Report not provided. Please conduct your own due diligence. Submit your highest and best offer! Property records/ Appendix A Status: Tenant Occupied Market Rents: $825 Estimated repairs $10 to $15 a sq ft ($12,290 to $18,435) Total Rooms: 5 Bedrooms: 3 Total Bathrooms: 1 Full Bathrooms: 1 Heating Type: Forced air unit Interior Wall Type: Gypsum Board (Drywall, Sheetrock, etc.) Garage Type: Attached Garage Building Condition: Average Exterior Wall Type: Wood Roof Type: GABLE OR HIP Roof Cover Type: Shingle (Not Wood) Sewer Type: Municipal Water Source: Municipal Number of Stories: 1 Building Area: 1,229 SqFt. Living Area: 1,229 SqFt. Gross Area: 1,612 SqFt. Garage Area: 348 SqFt. APN: 23-00-11-3-009-003.000 Old/Alternate APN: 2300113009003000 Property Class: RESIDENTIAL Property Type: Single Family Residential Zoning: R4 County Land Use Code: 111 Census Tract: 2100 Lot Width: 500 Lot Depth: 1,650 Lot Size: 0.189 acres Lot Area: 8,250 SqFt. School District: Birmingham City School District Block: 134 Lot Number: 18 District: 33-0000 Municipality: BIRMINGHAM Subdivision Name: EAST LAKE Meridian: SEC 11 TWN 17S RNG 02W Legal Description: LOT 18 BLK 134 EAST LAKE Property Tax: $874 Tax Juridiction Code: 33 FEMA Zone X (est.) Flood Factor flood 1/10 - This property has a minimal Flood Factor