613 3 Ave Sw, Decatur, AL 35601
Wholesale deal on a Tri-Plex in Decatur! $19,999 Yes, that is not a typo, $19,999 is the price! Cash offers only. Possible rental income $1000-$1200 Specifications: Two Story, tri-plex built in 1944. 2794 square feet. 4 bedrooms, 2.5 baths. As would expect from the price and the photos, this property will need extensive repairs. The estimates I have gotten gotten are in the $75,000-$80,000 for repairs/renovation. This property will need: New roof and windows for sure. HVAC and ductwork. Complete renovation of kitchens and baths. Extensive plumbing work will be needed. My suggestion would be to covert from a triplex to a duplex. I believe that this would keep renovation costs down and should create more dollars per unit. Property is occupied, there is currently no lease or rental agreement with tenants. Call me at 256-277-9888 to set up a time for viewing.