NOT LISTED FOR SALE
16 Beds
8 Baths
6,200 Sq Ft
10,454 Sq Ft Lot

Last Sold July 15, 2020

Last sale price $380,000 $61 Per Sq Ft

34 Days on Market

Highlights

  • Central Air
  • Vinyl Flooring
  • Heating Available

About This Home

As of July 2020

Investors, are you looking for instant cash flow that will be sure to please? Here is an eight unit building that has been renovated, and is income producing. Gross monthly income is $4760. Are you looking for an Urban Renewal District property or an Opportunity Zone asset? Well, look no further. Check out the major tax benefits of owning these 2 bedroom and 1 bathroom units that bring $595/ month in rent. Top Golf, Uptown, shopping, and bus stops are all within steps of this building. You cannot miss out on this chance to own such a profitable building with an amazing proximity to Downtown Birmingham.

Last Listed By

Neal Thomas

Minnie Lee Realty Listed on: 05/14/2020

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $1,535

Year Built

  • Built in 1976

Lot Details

  • 10,454

Home Design

  • Brick Exterior Construction

Utilities

  • Central Air
  • Heating Available
  • Electric Water Heater

Additional Features

  • Vinyl Flooring
  • Crawl Space

Listing and Financial Details

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

Community Details

Overview

  • 8 Units

Building Details

  • Operating Expense $350
  • Gross Income $4,760

Property Details

Home Type

Apartment

Est. Annual Taxes

$1,535

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Class: MULTIFAMILY
  • Property Type: Apartment
  • Year Built Description: Existing
  • Year Built: 1976
  • Price Per Sq Ft: 1
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1976

Interior Features

  • Floors: Vinyl

Exterior Features

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

Garage/Parking

  • Parking: 1 Space per Unit

Utilities

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

Condo/Co-op/Association

  • Total Units: 8

Schools

  • Elementary School: HUDSON
  • Middle School: HUDSON
  • High School: CARVER, G W

Lot Info

  • Assessor Parcel Number: 22-00-23-4-014-003.000

Rental Info

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

Tax Info

  • Tax Database Id: 1
  • Tax District: BIRMINGHAM
  • Annual Tax: 1535
  • Assessor Parcel Number: 01073-22-00-23-4-014-003.000

Multi Family

  • Expenses: 350
  • Gross Income: 4760

Range of Values:

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Average Value
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Sold Price
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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
07/15/2020 07/15/20 Sold $380,000 -3.8% $61 / Sq Ft
06/17/2020 06/17/20 Pending -- -- --
05/14/2020 05/14/20 For Sale $395,000 -- $64 / Sq Ft
Source: Greater Alabama MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Alabama MLS

MLS Number: 883186

Greater Alabama MLS

APN: 22-23-4-014-003.000-RR-00