π‘ Almost There! Updated 3BR in Alexander City
Discover this charming 3-bedroom, 2-bath home in the heart of Alexander City β a perfect blend of space, comfort, and value. With modern updates already in place and only light work left to finish, this property offers an easy path to equity or rental income.
πProperty Highlights:
βοΈ 3 Bedrooms / 2 Bathrooms
βοΈ 1,296 Sq Ft | Built 1960 | 0.35 Acres
βοΈ Metal Roof β good shape
βοΈ LPV Flooring (3 years old)
βοΈ Renovated Bathrooms β move-in ready
βοΈ Large Kitchen w/ Stainless Steel Appliances
βοΈ Front Deck β needs a few boards replaced
π§Repairs:
Fresh interior paint, deck board replacement, and HVAC service or replacement.
π° Estimated: $10Kβ$12K
πInvestment Snapshot:
π Estimated Rent: $1,400β$1,500/month
πΈ Cap Rate: ~10β12% (depending on final repair scope)
This one checks all the boxes β modern updates, solid structure, and strong rent potential in a growing Alabama market.
π Contact Lanier at 334-201-0507 for photos, details, or to schedule a showing.
πComps/ARV:
ARV: ~$185,000
Comp 1:Β 1233 Elk Dr for $239,000 @ $178/sqft and isΒ a 3/2 1338 sqft on 9/17/2025Β (Next Door Flipped)
Comp 2:Β 1179 Elk Dr for $119,000 @ $111/sqft and isΒ a 3/1 1075 sqft on 5/30/2025
Comp 3:Β 1341 Warren Cir S sold for $215,000 @ $138/sqft and isΒ a 3/2 1560 sqft on 4/23/2025
Comp 4:Β 617 11th Ave sold for $175,000 @ $140/sqft and isΒ a 3/2 1252 sqft on 5/12/2025


























