NOT LISTED FOR SALE

1805 Polly Reed Ct Center Point, AL 35215

42 Beds
24 Baths
18,000 Sq Ft
1.74 Acres

Last Sold September 30, 2022

Last sale price $1,320,000 $73 Per Sq Ft

10 Days on Market

About This Home

As of September 2022

Great opportunity to purchase this multifamily property, 24-units currently in the last phase of renovation! With new plumbing and electrical and fixtures as needed. Updates to Kitchens & bathrooms. New Vinyl floors in main living and new carpet in bedrooms. All interior and all exterior paint. Units are large and spacious. Tons of natural light. All units come with new refrigerator and new stove. Structure behind the 1805 building has electricity and water for a laundry room. It has not been set up, as of yet. This room could possibly hold 3 to 4 coin-operated washers and dryers for another revenue stream! 6 units are 1br/1b and 18 units are 2br/1b. New rents at $695 and $795. Currently being leased up. With one new paved parking lot, tons of green space and plenty of parking. Convenient to shopping and businesses. Proforma cap of 9.8% estimate. Reach out for P&L and further information. Income and expenses projected.

Last Listed By

Margie Beth Shaw

Keller Williams Realty Vestavia Listed on: 07/29/2022

Keller Williams Realty Vestavia

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $4,313

Year Built

  • Built in 1969

Lot Details

  • 1.74

Home Design

  • Brick Exterior Construction

Schools

  • Center Point Elementary School
  • Erwin Middle School
  • Center Point High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Additional Features

  • Vinyl Flooring
  • Crawl Space
  • In Flood Plain

Listing and Financial Details

  • Tenant pays for electric (tenant), hot water (tenant)
  • The owner pays for trash collection (owner), water/sewer (owner)

Community Details

Overview

  • 24 Units

Building Details

  • Operating Expense $8,619
  • Gross Income $19,488

Property Details

Home Type

Apartment

Est. Annual Taxes

$4,313

Year Built

Built in 1969

Lot Details

0

Listing Details

  • Class: MULTIFAMILY
  • Down Payment Assistance: No
  • Property Type: Apartment
  • Year Built Description: Existing
  • Year Built: 1969
  • Price Per Sq Ft: 1
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1969

Interior Features

  • Floors: Vinyl
  • Miscellaneous: Security System

Exterior Features

  • Construction: Brick
  • Foundation: Crawl Space
  • Water Heater: Electric (WTRHTR)

Garage/Parking

  • Parking: 2 Spaces per Unit

Utilities

  • Heating: Central w/Ind Ctrl(HEAT)
  • Cooling: Central w/Ind Ctrl(COOL)
  • Sewer/Septic System: Connected
  • Water: Public Water

Condo/Co-op/Association

  • Total Units: 24

Schools

  • Elementary School: CENTER POINT
  • Middle School: ERWIN
  • High School: CENTER POINT

Lot Info

  • Flood Plain: Yes
  • Assessor Parcel Number: 12-00-18-4-004-028.000

Rental Info

  • Owner Pays: Trash Collection (OWNER), Water/Sewer (OWNER)
  • Tenant Pays: Electric (TENANT), Hot Water (TENANT)

Tax Info

  • Tax District: CENTER POINT
  • Annual Tax: 4313

Multi Family

  • Expenses: 8619
  • Gross Income: 19488

MLS Schools

  • Elementary School: CENTER POINT
  • High School: CENTER POINT
  • Jr Middle School: ERWIN

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/30/2022 09/30/22 Sold $1,320,000 0.0% $73 / Sq Ft
07/29/2022 07/29/22 For Sale $1,320,000 -- $73 / Sq Ft
Source: Greater Alabama MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Margie Beth Shaw

    Seller's Agent in 2022

    Margie Beth Shaw

    Keller Williams Realty Vestavia

    (205) 234-2906

    9 in this area

    229 Total Sales

    Margie Beth Shaw
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Map

Source: Greater Alabama MLS

MLS Number: 1329377

Greater Alabama MLS

APN: 12-18-4-004-028.000-RR-00

Alabama Jefferson County Center Point 35215

1805 Polly Reed Ct, Center Point, AL

Homes for Sale in Center Point, AL

This home is located at 1805 Polly Reed Ct, Center Point, AL 35215 since 29 July 2022. This property was built in 1969. 1805 Polly Reed Ct is a home located in Jefferson County with nearby schools including Center Point Elementary School, Erwin Elementary School, and Erwin Middle School.

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.

Greater Alabama MLS 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.

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