Flash Deal: Bank REO — As-Is Cash Only, Under List by 40%
1107 Huffman Ave SW, Birmingham, AL 35211 · Listed Jan 2025
The seller hasn’t added photos yet
Property typeMultifamily
Units4
Beds / baths6 / 2.5
Living area3,450 sqft
Lot0.38 acres
Year built2011
ConditionDistressed
About this deal
Bank-owned REO offered at a 40% discount to assessed value. Two-bedroom, one-bath, detached garage. Roof has visible damage — factored into price. Cash or hard money only; no inspections or contingencies accepted by seller. Title to be conveyed by warranty deed — clear of all liens. Comps in the immediate area at $65K–$75K; estimated rehab $25K–$30K. First in with proof of funds gets it.
The numbers
- Cap rate
- 8.6%
- Net operating income
- $19,752/yr
- Cash flow
- +$1,646/mo
- Occupancy
- 3 of 4 units
Figures are provided by the seller and haven’t been verified by ListDeed. Do your own due diligence.