$120,000 / 3br - 1715ft2 - Birmingham Single Family Deal | Subto OR Wrap Financing

🔥 Birmingham Single Family Deal | Subto OR Wrap Financing | Fixed Loans! 📍 Location: Birmingham, AL 35208 🏠 Property: 3 Bed / 1 Bath | 1,715 sqft | Built 1945 🧾 Creative Financing Options: Subject-To OR Wrap Mortgage 💸 Option 1 – Subject-To Purchase Price: $120,000 Down Payment: $15,000 Term: 7-Year Balloon EMD: $1,500 Buyer takes over both existing loans directly 📑 What You’re Taking Over: 1️⃣ Fixed HELOC • Balance: $84,144.27 • Monthly Payment: ~$860 • Term Remaining: ~8 years 2️⃣ 2nd Mortgage • Balance: $21,390.96 • Interest Rate: 3.5% • Est. Monthly P&I: ~$260 • Escrow (Taxes/Insurance): ~$306/month ➡️ Estimated Total Monthly Payment: ~$1,426 💸 Option 2 – Wrap Mortgage (Monthly Ownership & Amortization) Total Price: $125,000 Down Payment: $15,000 Seller-Financed Note: $110,000 Monthly Payment: $1,550/month Wrap Term: 7 Years (Balloon or Amortized) 🔍 Property Notes: Turnkey or light touchups needed Located in West End / Ensley area of Birmingham 2 solid loans already in place, no need for bank financing Exit strategies: Buy & Hold, Lease-Option, or Assign 📲 Serious Buyers Only – Must be able to close fast Disclaimer: I am the contract holder or working in agreement with the holder. Buyers must perform their own due diligence.