c.1940 Alabama Home W/Newer Roof $55K

OHU50K Notes $55,000

c.1940 Alabama Home W/Newer Roof. Looking for an affordable and adorable home? This one will be calling your name. The home sits on a corner lot.

Realtor Comments

Investment Opportunity Near Downtown Fayette, Alabama! This 2-bedrom, 1- bathroom home is full of potential and ready for someone with a vision. It offers an opportunity to renovate and make it your own. Conveniently located near downtown and schools, it could be a great option for investors or buys looking for their next project. The water heater is 5-6 years old, air conditioners are under 4 years old, and the roof is 3 years old. This property is sold as is. Call your favorite realtor or myself and get a tour.

2 beds
1 bath
1,737 sqft
6,098 sqft lot
Build date 1940

If interested in a property, pleases contact the realtor whose link is provided in the post below, or contact an agent of your own choosing. Independent verification of details and status is recommended.

123 3rd Ave NW, Fayette, AL 35555 $55,000

Contact Realtor: NextHome Legacy Group (205) 507-1103
Google Map
Niche

Pros of Fayette, AL

Affordable Cost of Living: The overall cost of living is roughly 15% lower than the national average, making everyday expenses manageable.

Affordable Real Estate: Median home values range roughly from $122,000 to $124,000 (with some estimates up to $188,000), offering great value or downsizing options compared to larger cities.

Low Crime Rates: Violent and property crime rates trend well below both state and national averages, providing a generally safe environment.

Tight-Knit Community: Residents frequently note a friendly, small-town atmosphere with local traditions and community events like the Annual Peanut Festival and holiday lights.

Short Commutes: Average commute times are short, around 13.7 minutes.

Cons of Fayette, AL

Limited Employment & Job Opportunities: Job options within city limits are constrained, and local economic scores (like those from AreaVibes ) rate employment opportunities poorly.

Lack of Entertainment and Dining: There are very limited shopping, restaurant, and nightlife options, particularly for teenagers and seniors.

Infrastructure and Maintenance Needs: Some community feedback points to aging roads, infrastructure repair needs, and variable rental maintenance.