The numbers behind the deal:
- We bought the house on July 2020 for $395,000
- Renovation cost -$120,000
- Sold the house on Oct 2021 for $675,000
- Closing costs - $40,500
- Gross profit - $119,500
- Gross cash/cash = 23/2% in 15 months (18.5%/annum)
Stunning Renovated Estate in Mountain Brook
This completely renovated estate on +/-1.3 acres features 5 bedrooms and 4.5 bathrooms, with no detail overlooked. The main level boasts hardwood floors, a brand-new kitchen with quartz countertops, a marble backsplash, and a 6-burner gas stove, plus a spacious master suite with a luxurious bathroom and walk-in closet. Two additional bedrooms have private baths for added convenience. Downstairs, enjoy a bonus den, two more bedrooms, a new half bath, and a second laundry room. A large open deck overlooks the private backyard, and there’s ample parking. Conveniently located near 280, Shops of Cahaba Heights, Downtown, and I-459!
Before
