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Property
Under Contract
Single Family

Happy Gilmer

1617 Gilmer Ave, Tallassee, AL 36078
3Beds
2Baths
1,478Sqft
1950Built
.56Lot
Fix & FlipBuy & HoldCommercial

Investment Numbers

Purchase Price$74,900
Rehab Estimate$40,000
After Repair Value$160,000

Est. Profit: $45,100

ARV – Price – Rehab

Buy & Hold Analysis

Est. Monthly Rent$1,100
Est. Monthly Expenses$820
Est. Monthly Cash Flow$280
Cap Rate9.2%
Cash-on-Cash Return9.6%

Property Description

Unlock the potential of this 3 bedroom, 2 bathroom home offering 1,478 square feet on a spacious half acre lot in Tallassee, Alabama. Featuring a metal roof and existing hardwood floors, this property presents an opportunity for investors to build equity through strategic renovations and interior upgrades. The kitchen and both bathrooms are ready for a complete transformation, while new flooring in select areas and fresh interior paint can help create a clean, updated look that appeals to future buyers or tenants. Take advantage of this renovation opportunity, evaluate the potential returns, and bring your investment strategy to 1617 Gilmer Ave. Whether your goal is resale profit or long term rental income, this property is ready for an investor with vision to unlock its potential.

Investment Highlights

Metal Roof In Good Condition
Hardwood Floors Throughout In Good Condition
Great Potential For Profit

Property Condition Details

Roof

Metal Roof

Good
Flooring

Hardwood In Front. Carpet In Add On Space That Should Be Replaced

Fair
HVAC
Fair
Paint
Needs Updating
Kitchen
Needs Updating
Bathrooms
Needs Full Remodel
Plumbing
Needs Updating

Comparable Sales

1610 Gilmer Ave, Tallassee, AL 36078

$182,900zillow
3 bd / 1 ba1,200 sqft· $152/sfSold 2026-09-250.66 mi away

141 Hillcrest St, Tallassee, AL 36078

$145,000zillow
3 bd / 1 ba1,066 sqft· $136/sfSold 2025-06-240.79 mi away

85 Pecan St, Tallassee, AL 36078

$195,000zillow
3 bd / 1 ba2,400 sqft· $81/sfSold 2026-02-021.16 mi away

101 Pinhurst St, Tallassee, AL 36078

$115,000zillow
3 bd / 1 ba1,167 sqft· $99/sfSold 2026-07-210.49 mi away

2151 Gilmer Ave, Tallassee, AL 36078

$186,260zillow
3 bd / 1 ba2,378 sqft· $78/sfSold 2025-08-071.43 mi away

* Comps provided for investor reference. Verify independently before submitting an offer.

Contact Person

Lanier Harris

Lanier Harris

Investment Sales Director

Submit Your Offer

1617 Gilmer Ave, Tallassee, AL 36078

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334-398-6334
445 Dexter Ave Suite 4050 Montgomery Al 36104

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