NOT LISTED FOR SALE
69 Beds
40 Baths
-- Sq Ft
1972 Built

Last Sold April 30, 2013

Last sale price $288,000

77 Days on Market

About This Home

As of April 2013

WOW!!!! Excellent investment opportunity for the savvy investor - Goldwire Apartments Located in the middle of a new Subdivision with home selling for $70,000 is a 29 unit Apartment Complex consisting of 2 building on 2 separate parcels. Building 400 has (11 units) all 3 Bedroom 1 & 1/2 Bath Townhouse and Building 402 has (18 units) all 2 Bedroom 1 Bath Flats built in 1972 and is constructed of Brick on Wood frame. The utilities are separately metered. With the units fully leased Income would be about $144,000 per year. Current owners has been taken care of deferred maintenance working on getting the property back in shape.

Last Listed By

Phil Dorn, Jr

Jemison Realty Company 1 License #000008037 Listed on: 02/12/2013

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1972

Home Design

  • Slab Foundation
  • Brick Frame
  • Frame Construction

Flooring

  • Wall to Wall Carpet
  • Vinyl

Basement

  • Crawl Space

Schools

  • Washington Elementary School
  • Center Street Middle School
  • Parker High School

Utilities

  • Central Air
  • Heating System Uses Gas
  • Gas Water Heater

Community Details

  • Operating Expense $1,500
  • Gross Income $89,643

Listing and Financial Details

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

Property Details

Home Type

Apartment

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Class: MULTIFAMILY
  • Dual or Variable Rate Commission: Yes
  • List Price per Sq Ft: 318.71
  • Property Type: Apartment
  • Year Built Description: Existing
  • Year Built: 1972
  • Price Per Sq Ft: 1
  • Special Features: 20
  • Property Sub Type: MultiFamily
  • Year Built: 1972

Interior Features

  • Floors: Vinyl, Wall-to-Wall Carpet

Exterior Features

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

Garage/Parking

  • Parking: 2 Spaces per Unit

Utilities

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

Schools

  • Elementary School: WASHINGTON
  • Middle School: CENTER STREET
  • High School: PARKER

Lot Info

  • Assessor Parcel Number: 29-03-4-018-011.001

Rental Info

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

Tax Info

  • Tax District: BIRMINGHAM
  • Annual Tax: 7821

Multi Family

  • Expenses: 1500
  • Gross Income: 89643

MLS Schools

  • Elementary School: WASHINGTON
  • High School: PARKER
  • Jr Middle School: CENTER STREET

Range of Values:

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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
04/30/2013 04/30/13 Sold $288,000 -25.2% --
04/30/2013 04/30/13 Pending -- -- --
02/12/2013 02/12/13 For Sale $385,000 -- --
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: 554228

Greater Alabama MLS

APN: 29-03-4-018-011.001-RR-00