NOT LISTED FOR SALE
69 Beds
69 Baths
46,702 Sq Ft
1.76 Acres

Last Sold July 20, 2022

Last sale price $2,800,000 $60 Per Sq Ft

Highlights

  • Wood Flooring
  • Guest Parking
  • Central Heating

About This Home

As of July 2022

MASSIVE VALUE-ADD OPPORTUNITY for this 69-Unit Community with 9 buildings- two of which are in the middle of a renovation! LOCATION! LOCATION! Just Two blocks from BIRMINGHAM CROSSPLEX in Ensley. Short walk to Starbucks! Rising values in this area continue to add value to this property! All units are 1 Bedroom 1 Bath. HARDWOOD FLOORS! Great natural light. Sits up on the hill for some nice views also! All tin roofs. Excellent tenants with 18 units left to be finished and rented!! Next viewing appointment time is for Thursday May 12th at 9 in the morning.

Last Agent to Sell the Property

Margie Beth Shaw

Keller Williams Realty Vestavia Listed on: 05/05/2022

Keller Williams Realty Vestavia

Last Buyer's Agent

Margie Beth Shaw

Keller Williams Realty Vestavia Listed on: 05/05/2022

Keller Williams Realty Vestavia

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $5,194

Year Built

  • Built in 1950

Lot Details

  • 1.76

Home Design

  • Brick Frame

Parking

  • Guest Parking
  • On-Street Parking

Schools

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

Utilities

  • Window Unit Cooling System
  • Central Heating
  • Electric Water Heater

Additional Features

  • Wood Flooring
  • Crawl Space

Listing and Financial Details

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

Community Details

Overview

  • 69 Units

Building Details

  • Operating Expense $8,433
  • Gross Income $21,550

Property Details

Home Type

Apartment

Est. Annual Taxes

$5,194

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Class: MULTIFAMILY
  • Down Payment Assistance: No
  • Property Type: Apartment
  • Year Built Description: Existing
  • Year Built: 1950
  • Price Per Sq Ft: 1
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1950

Interior Features

  • Floors: Some Hardwood

Exterior Features

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

Garage/Parking

  • Parking: 1 Space per Unit, 2 Spaces per Unit, Guest Parking, On Street Parking

Utilities

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

Condo/Co-op/Association

  • Total Units: 69

Schools

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

Lot Info

  • Assessor Parcel Number: 29-00-05-3-018-012.000

Rental Info

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

Tax Info

  • Tax District: BIRMINGHAM
  • Annual Tax: 5194

Multi Family

  • Expenses: 8433
  • Gross Income: 21550

MLS Schools

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

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
07/20/2022 07/20/22 Sold $2,800,000 0.0% $60 / Sq Ft
05/05/2022 05/05/22 For Sale $2,799,000 -- $60 / 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: 1319360

Greater Alabama MLS

APN: 29-05-3-018-012.000-RR-00