Seller's Agent in 2025
Steven Koleno
Beycome Brokerage Realty
(312) 300-6768
4 in this area
12,029 Total Sales
3944 40th St N Birmingham, AL 35217
Inglenook Neighborhood
4
Beds
2
Baths
1,250
Sq Ft
0.64
Acres
About This Home
As of August 2025Turnkey investment opportunity with built-in rental income and long-term upside. This updated duplex features two spacious 2 bed / 1 bath units and is both investors and owner-occupants.The upstairs unit has been recently renovated with new LVP flooring, modern finishes, and is rent-ready. Major capital improvements have already been completed, including a brand-new roof and new central A/C system.The downstairs unit is tenant-occupied on a month-to-month lease, providing immediate cash flow with the flexibility to increase rent or upgrade in the future.Located on a quiet street with easy access to downtown Birmingham, this property offers low-maintenance ownership, strong rental demand, and room for appreciation
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1939
Home Design
- Duplex
- Siding
Schools
- Minor Elementary School
- Smith Middle School
- Jackson-Olin High School
Utilities
- Central Heating and Cooling System
- Gas Water Heater
Additional Features
- Vinyl Flooring
- Crawl Space
Listing and Financial Details
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 9, 2025
Closed on
Aug 6, 2025
Sold by
Jp Realty Investments Llc
Bought by
Milonas Holdings Llc
Seller's Agent
Steven Koleno
Beycome Brokerage Realty
Buyer's Agent
Rodrigo Cisneros
BluePrint Realty Company
List Price
$104,900
Sold Price
$95,000
Premium/Discount to List
-$9,900
-9.44%
Views
142
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
-$16,534
Avg. Annual Appreciation
-35.90%
Purchase Details
Closed on
Jan 25, 2010
Sold by
Wells Fargo Financial Alabama Inc
Bought by
Mobley Tony D
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $95,000 | -- | |
| Warranty Deed | -- | None Available |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/08/2025 08/08/25 | Sold | $95,000 | -9.4% | $76 / Sq Ft |
| 06/24/2025 06/24/25 | For Sale | $104,900 | 0.0% | $84 / Sq Ft |
| 06/17/2025 06/17/25 | Pending | -- | -- | -- |
| 06/09/2025 06/09/25 | For Sale | $104,900 | -- | $84 / 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 | $518 | $7,140 | -- | -- |
| 2022 | $370 | $5,100 | $1,560 | $3,540 |
| 2021 | $405 | $5,580 | $1,560 | $4,020 |
| 2020 | $405 | $5,340 | $1,560 | $3,780 |
| 2019 | $405 | $5,580 | $0 | $0 |
| 2018 | $0 | $4,400 | $0 | $0 |
| 2017 | $0 | $4,400 | $0 | $0 |
| 2016 | $305 | $4,200 | $0 | $0 |
| 2015 | $305 | $4,400 | $0 | $0 |
| 2014 | $302 | $4,080 | $0 | $0 |
| 2013 | $302 | $4,080 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Steven Koleno
-
Rodrigo Cisneros
R
Buyer's Agent in 2025
Rodrigo Cisneros
BluePrint Realty Company
3 in this area
128 Total Sales
Map
Source: Greater Alabama MLS
MLS Number: 21421481
APN: 23-00-18-1-008-023.000
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