NOT LISTED FOR SALE

704 Eastern Manor Ln Birmingham, AL 35215

Echo Highlands Neighborhood

Estimated Value: $78,000 - $118,000

17 Beds
21 Baths
9,868 Sq Ft
$11/Sq Ft Est. Value

Last Sold April 05, 2023

Last sale price $650,000 $66 Per Sq Ft

Current estimated payment $709/month

126 Days on Market

Highlights

  • Central Air
  • Vinyl Flooring
  • Heating Available

About This Home

As of April 2023

Here is your opportunity to own 8 townhome units in the same location with a proven ability to raise rents. Professionally managed with strong payment history. These rentals are in a stable area and have been well maintained. Monthly income for the portfolio is currently. $6,605. Three units have been renovated and leased for $995/mo. The five unrenovated units are rented for an average of $730. With moderate cosmetic renovations you’ll have the opportunity to raise rents on the portfolio more than $1,000 per month. This is an opportunity to quickly scale your Birmingham portfolio. A recent sale in this complex was for $115,000 putting the potential portfolio value at $920,000. Addresses in portfolio include 704 Eastern Manor Ln, 706 Eastern Manor Ln, 710 Eastern Manor Ln, 712 Eastern Manor Ln, 713 Eastern Manor Ln, 715 Eastern Manor Ln, 716 Eastern Manor Ln, 717 Eastern Manor Ln

Last Listed By

Todd Helzer

Sandbox Realty, LLC Listed on: 10/14/2022

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $1,088

Year Built

  • Built in 1990

Lot Details

  • 4,748

Parking

  • Assigned Parking

Home Design

  • Siding

Schools

  • Sun Valley Elementary School
  • Smith Middle School
  • Huffman High School

Utilities

  • Central Air
  • Heating Available
  • Electric Water Heater

Additional Features

  • Vinyl Flooring
  • Crawl Space

Listing and Financial Details

  • Tenant pays for all utilities (tenant)

Community Details

Overview

  • 8 Units

Building Details

  • Operating Expense $3,300
  • Gross Income $6,605

Property Details

Home Type

Apartment

Est. Annual Taxes

$1,088

Year Built

Built in 1990

Lot Details

0

Listing Details

  • Class: MULTIFAMILY
  • Down Payment Assistance: No
  • Property Type: Apartment
  • Year Built Description: Existing
  • Year Built: 1990
  • Price Per Sq Ft: 1
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1990

Interior Features

  • Floors: Vinyl

Exterior Features

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

Garage/Parking

  • Parking: Assigned

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: SUN VALLEY
  • Middle School: SMITH
  • High School: HUFFMAN

Lot Info

  • Assessor Parcel Number: 13-00-27-1-004-013.000

Rental Info

  • Tenant Pays: All Utilities (TENANT)

Tax Info

  • Tax District: BIRMINGHAM
  • Annual Tax: 1088

Multi Family

  • Expenses: 3300
  • Gross Income: 6605

MLS Schools

  • Elementary School: SUN VALLEY
  • High School: HUFFMAN
  • Jr Middle School: SMITH

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 14, 2022
Closed on
Apr 5, 2023
Sold by
Drum Management Llc
Bought by
Shineley Llc
Seller's Agent
Todd Helzer
Sandbox Realty, LLC
Buyer's Agent
Jordan Holt
Real Broker LLC
List Price
$725,000
Sold Price
$650,000
Premium/Discount to List
-$75,000
-10.34%
Total Days on Market
126
Views
258
Current Estimated Value
$104,619

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$545,381
Avg. Annual Appreciation
-57.24%

Purchase Details

Closed on
Aug 13, 2020
Sold by
Ces Llc
Bought by
Drum Management Llc

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Shineley Llc $650,000 --
Drum Management Llc $450,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shineley Llc $62,264
Previous Owner Drum Management Llc $20,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/05/2023 04/05/23 Sold $650,000 -10.3% $66 / Sq Ft
10/14/2022 10/14/22 For Sale $725,000 -- $73 / Sq Ft
Source: Greater Alabama MLS

Tax History Compared to Growth

Source: Public Records

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 $1,478 $20,380 -- --
2022 $1,089 $15,020 $1,100 $13,920
2021 $1,089 $15,020 $1,100 $13,920
2020 $1,089 $15,020 $1,100 $13,920
2019 $1,009 $16,180 $0 $0
2018 $1,012 $13,960 $0 $0
2017 $1,147 $15,820 $0 $0
2016 $1,147 $15,820 $0 $0
2015 $1,147 $15,820 $0 $0
2014 $1,013 $15,540 $0 $0
2013 $1,013 $15,540 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Todd Helzer

    Seller's Agent in 2023

    Todd Helzer

    Sandbox Realty, LLC

    (205) 616-5024

    3 in this area

    204 Total Sales

    Todd Helzer
    Section Image

  • J

    Buyer's Agent in 2023

    Jordan Holt

    Real Broker LLC

    (334) 332-7079

    2 in this area

    107 Total Sales

    Jordan Holt
    Section Image
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Map

Source: Greater Alabama MLS

MLS Number: 1336477

Greater Alabama MLS

APN: 13-00-27-1-004-013.000

Alabama Jefferson County Birmingham 35215 Echo Highlands

704 Eastern Manor Ln, Birmingham, AL

Homes for Sale in Birmingham, AL

This home is located at 704 Eastern Manor Ln, Birmingham, AL 35215 since 14 October 2022 and is currently estimated at $104,619, approximately $10 per square foot. This property was built in 1990. 704 Eastern Manor Ln is a home located in Jefferson County with nearby schools including Sun Valley Elementary School, Smith Middle School, and Huffman High School Magnet.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Greater Alabama MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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