2BR/2B Across From Lake Eufaula... Price Just Reduced!

98 Lakewood Dr, Eufaula, AL 36027

$112,000 After Repair Value -
$87,500 Asking Price -
$0 Cost of Repairs =
$24,500 Potential Profit

Property Details

Asking Price $87,500

After Repair Value $112,000

Costs of Repairs $0

Potential Profit $24,500

Living Area 1320 ft2

Property Type Single Family House

Bedrooms 2

Bathrooms 2

Half Bathrooms N/A

Parking 0

Listed with Agent 0

EPI (Estimated Potential Income)

Potential Rental Income $75,000

Yearly Expenses N/A

Property Taxes $450

Net Operating Income N/A

Cap Rate N/A

Property Description

TIME IS OF THE ESSENCE SO PRICE JUST DROPPED BIG TIME! 2br/2bath remodeled and rebuilt 1320 sq. ft. home sits on a large oversized corner lot across the street from lake Eufaula. Its only about 1/2 mile to boat ramps, fishing, shopping (Walmart), gas, groceries, and dining. There is even a Texaco convenience store, for your convenience, at the front of the neighborhood! Completely redesigned inside and out, it has new plumbing, new electrical, new insulation and sheetrock, new kitchen/bathroom cabinets and countertops, new wood look super durable flooring throughout, new shower, tub, toilets, light fixtures, fans, rubbed bronze faucets and fixtures throughout, new interior and exterior doors, majority of exterior new....This house has virtually been rebuilt! Also has a termite bond in place. ***UPDATE: OCTOBER 29, 2016***There are no fair and real comps for this house, so this basically brand new, move in ready, one of a kindish house, on a beautiful oversized corner lot across from Lake Eufaula is being compared to homes that are not on corner lots across from the lake, that have not just been redesigned and rebuilt inside and out, and that will have to have anywhere from moderate to extensive work, repairs, and remodeling done to them. BUT, it is what it is and Ive got to move on. SO, the price has been lowered to $87,500 OBRO and it is move in ready. DONT MISS THIS DEAL!!! Zillow last had it at a Zestimate of $126,000. Today they have no price given. The properties across the street are waterfront homes and are in the high $100S and $200s; the house behind and beside me (there are only 3 house on the block) are also in the 100s based on internet research. $112,000 value is a guess based on all of these factors.

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