NOT LISTED FOR SALE

Estimated Value: $61,000 - $106,000

64 Beds
32 Baths
24,000 Sq Ft
$4/Sq Ft Est. Value

Last Sold November 01, 2021

Last sale price $335,000 $14 Per Sq Ft

Current estimated payment $580/month

29 Days on Market

About This Home

As of November 2021

Great investment opportunity! 8 Unit Apartment complex. 2 buildings. Siding and Brick. All units are in great condition and fully occupied. Professionally managed, currently earning $3,820 per month. Some units updated.

Last Listed By

Beverly Gardner

BJ Gardner Property Management Listed on: 08/12/2021

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $2,988

Year Built

  • Built in 1981

Lot Details

  • 8,712

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Frame Construction

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Tile

Schools

  • Councill Elementary School
  • Bush Hills Academy Middle School
  • Jackson-Olin High School

Utilities

  • Central Heating
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for all utilities (tenant)
  • The owner pays for trash collection (owner)

Community Details

Overview

  • 8 Units

Building Details

  • Operating Expense $700
  • Gross Income $3,620

Property Details

Home Type

Apartment

Est. Annual Taxes

$2,988

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Class: MULTIFAMILY
  • Down Payment Assistance: No
  • Property Type: Apartment
  • Year Built Description: Existing
  • Year Built: 1981
  • Price Per Sq Ft: 1
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1981

Interior Features

  • Floors: Laminate, Tile, Wall-to-Wall Carpet

Exterior Features

  • Construction: Brick, Frame
  • Foundation: Slab
  • Water Heater: Gas (WTRHTR)

Utilities

  • Heating: Central Control (HEAT)
  • Cooling: Individual Units (COOL)
  • Sewer/Septic System: Connected
  • Water: Public Water

Condo/Co-op/Association

  • Total Units: 8

Schools

  • Elementary School: COUNCILL
  • Middle School: BUSH HILLS ACADEMY
  • High School: JACKSON-OLIN

Lot Info

  • Assessor Parcel Number: 22 00 31 4 037 009.000

Rental Info

  • Owner Pays: Trash Collection (OWNER)
  • Tenant Pays: All Utilities (TENANT)

Tax Info

  • Tax District: BIRMINGHAM
  • Annual Tax: 2988

Multi Family

  • Expenses: 700
  • Gross Income: 3620

MLS Schools

  • Elementary School: COUNCILL
  • High School: JACKSON-OLIN
  • Jr Middle School: BUSH HILLS ACADEMY

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 12, 2021
Closed on
Dec 20, 2021
Sold by
Chislom Elijah
Bought by
Burpo Derek J
Seller's Agent
Beverly Gardner
BJ Gardner Property Management
Buyer's Agent
Beverly Gardner
BJ Gardner Property Management
List Price
$425,000
Sold Price
$335,000
Premium/Discount to List
-$90,000
-21.18%
Total Days on Market
29
Current Estimated Value
$84,150

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$250,850
Avg. Annual Appreciation
-31.80%

Purchase Details

Closed on
Dec 11, 2015
Sold by
Security Investments Inc
Bought by
Security Investments Inc

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Burpo Derek J $100 --
Security Investments Inc -- None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Security Investments Inc $104,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/01/2021 11/01/21 Sold $335,000 -15.2% $14 / Sq Ft
09/03/2021 09/03/21 Price Changed $395,000 -7.1% $16 / Sq Ft
08/12/2021 08/12/21 For Sale $425,000 -- $18 / Sq Ft
Source: Greater Alabama MLS

Tax History Compared to Growth

Source: Public Records

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 $1,366 $18,840 -- --
2022 $1,054 $14,540 $3,380 $11,160
2021 $1,054 $14,540 $3,380 $11,160
2020 $1,054 $14,540 $3,380 $11,160
2019 $1,054 $14,540 $0 $0
2018 $918 $12,660 $0 $0
2017 $0 $11,340 $0 $0
2016 $0 $11,340 $0 $0
2015 $822 $11,340 $0 $0
2014 $762 $10,420 $0 $0
2013 $762 $10,020 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Alabama MLS

MLS Number: 1295284

Greater Alabama MLS

APN: 29-00-17-4-003-003.000