3 Bed / 1 Bath Ranch House available Cahaba Heights

Contents Information
Contact Celena Miller
Phone (205) 240-7554
Email celena@bhamlistings.com
Price $260K - $305K
Area 3948 Kyle Lane Cahaba Heights, AL 35243
Item Status For Sale
Listing Items As Investment Property Listing

This charming one-story 3 bed / 1 bath ranch home with a detached 2 car garage is currently under the ownership of the ULECx Market through our subsidiary company 3948 Kyle Lane, LLC. Our desire is to share 80% ownership equity of the asset to a caring landlord or family.  The greatest opportunity for this house is to convert to a full 3 bed / 2 bath home (see potential here)

Home share or sale options 

  • Share Option 1: Purchase price is $260k with a $90k down payment
    $90,000 down payment and make monthly payments of $1,400 to pay down the current mortgage over 15 years. ULECx will retain 20% equity of the property and receive 5% of net rental income or an equal amount paid in property tax for resident owner.  Sales and closing costs covered by the buyer.
  • Share Option 2: Cash Purchase of $260k
    Pay $260k in cash which is enough to pay off the entire mortgage currently on the property. ULECx will retain 20% equity of the property and receive 5% of net rental income or an equal amount paid in property tax for resident owner.  Sales commission and closing costs covered by the buyer.
  • Sale Option 3: Complete buyout with a purchase price of $305k
    ULECx Market prefers to share equity rather than sell the property however we might consider a traditional sell if the purchase agreement is for $305k or more.  Sales commission and closing cost covered by the buyer.

Take a virtual home tour here:

Please review these drawings to see the potential for converting the home to a full three-bed two-bath property.