NEW Off Market Rental in Fairfield
-
Single Family House -
2 -
1 -
1952 -
1098
Description
Looking for a steady income-producing property with a long-term tenant in place? This 2-bed, 1-bath home is a solid addition to any rental portfolio!
🔹 Current Tenant: Property can be delivered vacant or occupied. Current tenant has been in the home for 20 years, paying $600/month and would love to stay. Market rent is closer to $900-975/month, providing room for increased cash flow.
🔹 Condition: Solid home with only cosmetic updates needed right now. The roof and AC are older but fully functional with no leaks.
🔹 Maintenance Note: Septic clean-out was overflowing when I inspected the property in early Feb. The owner has recently had it snaked and there appears be no more above ground issues.
🔹 Location: Nestled in an established Birmingham neighborhood, close to the CrossPlex making it a great long-term hold.
This is an off-market deal that won’t last long. Secure this income-producing property today!
Cash Price: $38,700
2 Bedrooms/1 Bath
1,098 sq ft
Year Built 1952
Market Rents: $975/month
Water Heater: 2024
Estimated Spread
- Price $38,700
- Spread -$38,700
