Get notifiedA value-add single-family opportunity with an estimated after-repair value of $160,000 and a clear path for a substantial repositioning—provided the foundation and structural conditions can be validated. The heavy-rehab profile creates upside for an experienced investor comfortable underwriting significant construction risk, with potential strategies including a full renovation or redevelopment analysis. The Numbers: - Estimated ARV: $160,000, establishing a meaningful resale benchmark for a completed project. - Repair estimate: $60,000–$120,000; the wide range reflects unresolved structural and foundation concerns and requires thorough due diligence. - Comparable support: One nearby reported sale at $177,000, offering market context above the current ARV estimate. - Minimum EMD: $1,000. Property Details: - 2 bedrooms, 1 bathroom, approximately 1,400 square feet on a 10,000-square-foot lot. - Built in 1945; the layout and lot size may support a substantial renovation, subject to feasibility and local requirements. - Heavy rehab condition, including damaged flooring and subflooring, roof leakage, and possible structural work. - Foundation condition is identified as a major concern. A professional structural evaluation is essential before finalizing scope or determining whether rehabilitation is economically viable. - Roof is reported at 20+ years old and likely requires replacement or major repair as is it leaking - No existing air-conditioning system; heating system is unknown, creating additional scope for a finished resale. - Driveway parking supports a straightforward single-family renovation plan. - Redevelopment into a six-unit apartment project has been suggested, but that concept would require rezoning, feasibility review, permitting, and confirmation of site and utility capacity. Comp Support: - One reported nearby comparable sold for $177,000, providing positive resale context while still requiring adjustment for condition, size, and finished quality. Nearby Comparable Sales 1503 High St, Sheffield, AL 35660 — Sold for $177,000
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Assignment · Heavy rehab
Heavy Rehab in Sheffield
Sheffield, AL
A value-add single-family opportunity with an estimated after-repair value of $160,000 and a clear path for a substantial repositioning—provided the foundation and structural conditions can be validated. The heavy-rehab profile creates upside for an experienced investor comfortable underwriting significant construction risk, with potential strategies including a full renovation or redevelopment analysis. The Numbers: - Estimated ARV: $160,000, establishing a meaningful resale benchmark for a completed project. - Repair estimate: $60,000–$120,000; the wide range reflects unresolved structural and foundation concerns and requires thorough due diligence. - Comparable support: One nearby reported sale at $177,000, offering market context above the current ARV estimate. - Minimum EMD: $1,000. Property Details: - 2 bedrooms, 1 bathroom, approximately 1,400 square feet on a 10,000-square-foot lot. - Built in 1945; the layout and lot size may support a substantial renovation, subject to feasibility and local requirements. - Heavy rehab condition, including damaged flooring and subflooring, roof leakage, and possible structural work. - Foundation condition is identified as a major concern. A professional structural evaluation is essential before finalizing scope or determining whether rehabilitation is economically viable. - Roof is reported at 20+ years old and likely requires replacement or major repair as is it leaking - No existing air-conditioning system; heating system is unknown, creating additional scope for a finished resale. - Driveway parking supports a straightforward single-family renovation plan. - Redevelopment into a six-unit apartment project has been suggested, but that concept would require rezoning, feasibility review, permitting, and confirmation of site and utility capacity. Comp Support: - One reported nearby comparable sold for $177,000, providing positive resale context while still requiring adjustment for condition, size, and finished quality. Nearby Comparable Sales 1503 High St, Sheffield, AL 35660 — Sold for $177,000