2137 47th Pl Ensley Birmingham AL 35208

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sale

2137 47th Pl Ensley Birmingham AL 35208

17,500.00 22,900.00

Check out this investment property located in Ensley. This will make a perfect rental or flip. Potential $750 per month rental income (24% Cap Rate Potential). 

Property Details:
Built in 1948

2 beds - 1 Baths 
1015sf per Tax Record

Sitting on 0.18+/- Acre Lot

8 minutes from Downtown



Property Notes:
After Repair Value - $54,500
Estimated Repair Cost - $8,500
 (HVAC + minor cosmetic upgrades)
Home has been inspected internally, please rely on your own independent inspection. Available reports show that plumbing and electrical are in good and working order. HVAC needs replacing; quotes from contractors are available.

***New Pictures Coming Soon*** This property has been cleaned out and landscaping in addition to minor repairs has been scheduled. This property will be eligible for quitclaim process in 8 - 12 weeks.

Submit Your Bid

Ends July 15th, 2019 at 11:50AM

For more information regarding Alabama State Laws & Codes regarding tax delinquent properties and tax sales please refer to this link: http://alisondb.legislature.state.al.us/alison/codeofalabama/1975/135590.htm

Reserve Amount Disclaimer *

The $1,000.00 reserve amount is held as a deposit in escrow until you are determined as the winning bidder. Bidding is held everyday for 14 days; after 14 days you will receive an email notifying you that you either have won the bid or that your reserve amount is being refunded. You will be notified instantly once we receive your bid via email. One of our auction associated will contact you via phone or email to answer any questions. You may contact us directly via email at broker@nexisrealestate.com or 800.680.8259. If no one answers immediately, one of our associates will return your call promptly.

Terminology:

Sale - The sale amount posted is the bid reserve amount and not the actual cost of the property.

Purchase - When you decide you want to bid on a property, you will submit all of your personal information along with payment details to reserve your purchase for the auction. You will be notified once your payment has been received along with your bid.

After Sale Proceedings: You will be notified via email the next steps involved in taking title/possession of your property. We request that you all a processing time of no less than 10 weeks and no more than 180 days for title processing. We are at the mercy of the State of Alabama and in our experience quiet title action and deed recording times can and do vary.