NOT LISTED FOR SALE
60 Beds
26 Baths
19,000 Sq Ft
1955 Built

Sale Details

Date Sold: August 21, 2020

Last sale price $200,000 $11 Per Sq Ft

304 Days on Market

About This Home

As of August 2020

**ATTENTION INVESTORS 11.4% CAP RATE** 26 UNIT APARTMENT COMPLEX CLOSE TO I-20/59, BIRMINGHAM SHUTTLESWORTH INTERNATIONAL AIRPORT, SHOPS, BUS STOPS, RESTAURANTS, GAS STATIONS, AND MORE. 4 BUILDINGS - 18 UNITS 2BR/1BA & 8 UNITS 3BR/1BA ALL WITH WASHER AND DRYER HOOKUPS. THERE IS A COIN LAUNDRY ONSITE. SCHEDULE AN APPOINTMENT TO SHOW TODAY!!! SELLERS ARE HIGHLY MOTIVATED.

Last Agent to Sell the Property

Rodney Moon

Alabama Classic Realty Listed on: 09/01/2019

Co-Listed By

Steven Whitten

Alabama Classic Realty

Last Buyer's Agent

Steven Whitten

Alabama Classic Realty

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $2,855

Year Built

  • Built in 1955

Home Design

  • Slab Foundation
  • Brick Frame

Flooring

  • Laminate Flooring

Utilities

  • Window Unit Cooling System
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

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

Community Details

Building Details

  • Operating Expense $66,040
  • Gross Income $124,620

Additional Features

  • 26 Units
  • Coin Laundry
  • Resident Manager or Management On Site

Property Details

Home Type

Apartment

Est. Annual Taxes

$2,855

Year Built

Built in 1955

Listing Details

  • Class: MULTIFAMILY
  • Property Type: Apartment
  • Year Built Description: Existing
  • Year Built: 1955
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1955

Interior Features

  • Floors: Laminate
  • Miscellaneous: Coin Laundry, Resident Manager

Exterior Features

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

Garage/Parking

  • Parking: 2 Spaces per Unit

Utilities

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

Condo/Co-op/Association

  • Total Units: 26

Lot Info

  • Assessor Parcel Number: 23-00-21-3-007-004.000

Rental Info

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

Tax Info

  • Tax Database Id: 1
  • Tax District: BIRMINGHAM
  • Annual Tax: 2855
  • Assessor Parcel Number: 01073-23-00-21-3-007-004.000

Multi Family

  • Expenses: 66040
  • Gross Income: 124620
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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 List to Sale Price per Sq Ft
08/21/2020 08/21/20 Sold $200,000 -29.9% $11 / Sq Ft
07/01/2020 07/01/20 Pending -- -- --
02/25/2020 02/25/20 Price Changed $285,500 -41.7% $15 / Sq Ft
10/22/2019 10/22/19 For Sale $490,000 0.0% $26 / Sq Ft
09/19/2019 09/19/19 Pending -- -- --
09/01/2019 09/01/19 For Sale $490,000 -- $26 / Sq Ft
Source: Greater Alabama MLS

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
2025 $14,039 $193,620 -- --
2024 $14,039 $193,640 -- --
2022 $10,647 $146,860 $25,540 $121,320
2021 $3,455 $47,660 $13,140 $34,520
2020 $3,455 $47,660 $13,140 $34,520
2019 $3,455 $47,660 $0 $0
2018 $2,855 $39,380 $0 $0
2017 $2,855 $39,380 $0 $0
2016 $2,855 $39,380 $0 $0
2015 $2,855 $39,380 $0 $0
2014 $3,278 $47,160 $0 $0
2013 $3,278 $47,160 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Alabama MLS

MLS Number: 860954

Greater Alabama MLS

APN: 23-21-3-007-004.000-RR-00

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