🏡 $64,900 – 3BR/2BA + Easy 4th Bedroom Conversion | Sheridan Heights

Rent-Ready with Big Upside in Sheridan Heights!
This 3-bedroom, 2-bath brick home offers 1,616 sq ft on a slab, plus a massive den that can easily be enclosed to create a 4th bedroom—instantly boosting rental income, especially for Section 8.

Located just minutes from the Sheridan Heights Community Center, this home is ideal for buy-and-hold investors seeking strong cash flow with minimal work.

📌 Property Highlights

3 Beds / 2 Baths (convertible to 4 bedrooms)

1,616 Sq Ft | Built 1984

Two-year-old roof

7-year-old HVAC (strong condition + 20-year warranty with ~13 years left)

Tile flooring throughout most of the home

Large den with enclosed room (closet already installed) → easy 4th BR

Fresh exterior paint

Interior has first coat done; needs second coat

Kitchen is in good shape—just needs a new stove

Master bath: tub hardware already purchased, just needs installation

Brick on slab — low maintenance structure

🛠 Repairs Needed (~$5,000 Total)

Second coat of interior paint

Install tub hardware

Add stove

Enclose den room for 4th BR (minimal work)

💰 📈 Quick Deal Math

All-in: ~$75,000
Rent Range: $1,350–$1,550/mo
Net Income: $900–$1,050/mo
Cap Rate: 14%–17%+

Perfect for Section 8 investors looking for predictable monthly cash flow.

📞 Contact Lanier at 334-201-0507 for photos, details, or to schedule a showing.

Comps/ARV

🏷 ARV: $110,000

Comp 1:  3217 Brooktree Dr. sold for $80,000 @ $52/sqft and is a 3/1 1544 sqft on 8/5/2025

Comp 2:  2935 Tyler Rd. sold for $88,000 @ $78/sqft and is a 4/1 1135 sqft on 4/10/2025

Comp 3:  428 Conrad sold for $85,000 @ $67/sqft and is a 3/2 1352 sqft on 4/7/2025

Comp 4:  2931 Vandy Dr  sold for $91,900 @ $71/sqft and is a 3/2 1303 sqft on 12/27/2024

Comp 5:  3070 Tremont St sold for $76,000 @ $69/sqft and is a 3/1 1103 sqft on 12/20/2024