501 Southwest Boulevard

Description

Calling ALL investors, seasoned FLIPPERS AND BUYERS approved for $140,000 or more looking to get a REHAB loan and make this home their custom home. This home is located in the charming, historical district of Chickasaw. It sits on a spacious, corner lot on a street lined with charming, historical cottages. This home could be gutted and renovated to be a brand-new home and still be thousands of dollars less than resale homes AND have instant equity. With a REHAB loan of $140,000 you could purchase this home and spend $100k on renovations. Other homes in the area sold for much higher. The previous owner lived in this family home until 2021 until the living room was damaged by a fire. The rest of the home had smoke damage. The kitchen floor was not damaged in the fire, but by the previous owner. The neighborhood has a beautiful community pool, parks, theatre, convention center, quad, disc golf and much more. There is also a detached, spacious garage. This is a nostalgic, historical neighborhood and this is a great opportunity. See 505 Southwest Blvd Chickasaw, the property next door interior pics and check out more historical Chickasaw district homes for inspiration. This home will be perfect for buyers approved for $140,000 or more. Buyers can get a renovation/construction loan or 203k or 203b rehab loan. Owner is a licensed real estate agent in Alabama and Georgia. Agent can provide before and after interior pics of the renovated property next door. Home sold as is where is.