1403 3rd St N Birmingham, AL 35204
Enon Ridge NeighborhoodEstimated Value: $75,006
4
Beds
3
Baths
3,328
Sq Ft
$23/Sq Ft
Est. Value
About This Home
As of March 2024Welcome to this fantastic investment opportunity in the heart of Birmingham! This well-maintained mixed-use building features a storefront on the bottom and two spacious two-bedroom, one-bath apartments on the top floor, all currently tenant-occupied. The ground floor boasts a versatile storefront, perfect for a retail business, office space, or your creative vision. The large windows provide excellent visibility and natural light, making it an ideal space for attracting customers. Upstairs, you'll find two charming two-bedroom, one-bath apartments. Each unit offers comfortable living spaces with plenty of room to relax and entertain. These apartments are a fantastic income source, with long-term tenants in place.With all units currently tenant-occupied, this property presents a lucrative investment opportunity. Whether you're looking to expand your real estate portfolio or start your investment journey, this mixed-use building has the potential for solid rental income.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $845
Year Built
- Built in 1950
Lot Details
- 5,532
Parking
- On-Street Parking
Home Design
- Triplex
- Slab Foundation
- Brick Frame
- Concrete Block And Stucco Construction
Flooring
- Wood
- Slate Flooring
- Vinyl
Schools
- Tuggle Elementary School
- Wilkerson Middle School
- Parker High School
Utilities
- Window Unit Cooling System
- Window Unit Heating System
- Electric Water Heater
Listing and Financial Details
- Tenant pays for all utilities (tenant)
Community Details
Overview
- 3 Units
Building Details
- Operating Expense $3,672
- Gross Income $19,200
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 23, 2023
Closed on
Mar 18, 2024
Sold by
Optimal Investment Solutions Llc
Bought by
Gardner Property Investment Llc
Seller's Agent
Christopher Mallery
BluePrint Realty Company
Buyer's Agent
John Durkin
eXp Realty, LLC Central
List Price
$120,000
Sold Price
$75,000
Premium/Discount to List
-$45,000
-37.5%
Total Days on Market
136
Views
227
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$6
Avg. Annual Appreciation
1.32%
Purchase Details
Listed on
Oct 23, 2023
Closed on
Mar 14, 2024
Sold by
Optimal Investment Solutions Llc
Bought by
Gardner Property Inv Llc
Seller's Agent
Christopher Mallery
BluePrint Realty Company
Buyer's Agent
John Durkin
eXp Realty, LLC Central
List Price
$120,000
Sold Price
$75,000
Premium/Discount to List
-$45,000
-37.5%
Views
227
Purchase Details
Closed on
Jan 18, 2017
Sold by
Robinson Doris
Bought by
Robinson Otis
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Similar Homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Gardner Property Investment Llc | $75,000 | -- | |
| Gardner Property Inv Llc | $75,000 | None Listed On Document | |
| Robinson Otis | -- | -- |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/13/2024 03/13/24 | Sold | $75,000 | -31.8% | $23 / Sq Ft |
| 03/07/2024 03/07/24 | Pending | -- | -- | -- |
| 01/29/2024 01/29/24 | Price Changed | $110,000 | -6.8% | $33 / Sq Ft |
| 12/05/2023 12/05/23 | Price Changed | $118,000 | -1.7% | $35 / Sq Ft |
| 10/23/2023 10/23/23 | For Sale | $120,000 | -- | $36 / Sq Ft |
Source: Greater Alabama MLS
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $1,138 | $15,700 | -- | -- |
| 2022 | $845 | $11,660 | $1,180 | $10,480 |
| 2021 | $845 | $11,660 | $1,180 | $10,480 |
| 2020 | $845 | $11,660 | $1,180 | $10,480 |
| 2019 | $845 | $11,660 | $0 | $0 |
| 2018 | $626 | $8,640 | $0 | $0 |
| 2017 | $626 | $8,640 | $0 | $0 |
| 2016 | $626 | $8,640 | $0 | $0 |
| 2015 | -- | $8,640 | $0 | $0 |
| 2014 | $600 | $8,500 | $0 | $0 |
| 2013 | $600 | $8,500 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Christopher Mallery
Seller's Agent in 2024
Christopher Mallery
BluePrint Realty Company
(205) 821-2751
1 in this area
38 Total Sales
-
John Durkin
J
Buyer's Agent in 2024
John Durkin
eXp Realty, LLC Central
(205) 451-3247
1 in this area
15 Total Sales
Map
Source: Greater Alabama MLS
MLS Number: 21368942
APN: 22-00-27-4-001-004.000
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Nearby Homes
- 1416 4th Place N Unit 1.000
- 49 14th Ct W
- 1629 4th St N
- 1305 11th St N
- 515 16th Ct N
- 233 14th Ct W Unit 7
- 1523 13th St N
- 1738 17th St N
- 1210 12th Ave N
- 1212 21st Ave N
- 1648 18th St N
- 1315 16th St N
- 219 10th Ct N
- 317 22nd Ave W
- 1113 14th St N Unit 12
- 1608 19th St N
- 950 Center St N
- 948 Center St N
- 101 10th Ave W
- 1904 15th Terrace N