NOT LISTED FOR SALE

7728 1st Ave S Birmingham, AL 35206

South Eastlake Neighborhood

Estimated Value: $208,000 - $404,000

6 Beds
3 Baths
3,240 Sq Ft
$100/Sq Ft Est. Value

Last Sold April 25, 2024

Last sale price $350,000 $108 Per Sq Ft

Est. 8% decrease in value since last sale

Current estimated payment $1,918/month

34 Days on Market

Highlights

  • Handicap Accessible
  • Central Heating and Cooling System
  • Vinyl Flooring

About This Home

As of April 2024

Newly renovated multifamily 3plex property for sale. Awesome investment opportunity! Great cash flow. Beautiful red brick building has 3 apartments inside. Each apartment features 2bedrooms, 1 bathroom, kitchen and a laundry room inside. New flooring, new appliances, freshly painted and remodeled interior. New privacy fence was built in in the front and in the back of the 3plex. 6 spot parking lot was developed in the back of the building. Two of the three apartments are rented to great tenants for $995 per month each. One of the three apartments is available and ready for the buyer to occupy. Buyer has an option to occupy the 3rd apartment or to lease it for a similar rent $1000 per month. Entire property features 6 bathrooms and 3 bedrooms. The total finished area of the property is 3,240 square feet. Each apartment has approx 1080sq.ft. The lot size is 8,250sq. ft. Building is single story. Each apartment has front and back entry doors. This opportunity will not last long!

Last Listed By

DANIEL DEMERS

Sell Your Home Services License #148701 Listed on: 02/07/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,327

Year Built

  • Built in 1979

Lot Details

  • 8,233

Home Design

  • Triplex
  • Brick Exterior Construction

Flooring

  • Laminate
  • Vinyl

Parking

  • On-Street Parking
  • Assigned Parking

Schools

  • Barrett Elementary School
  • Ossie Ware Mitchell Middle School
  • Woodlawn High School

Utilities

  • Central Heating and Cooling System
  • Gas Water Heater

Additional Features

  • Crawl Space
  • Handicap Accessible

Listing and Financial Details

  • Tenant pays for all utilities (tenant), electric (tenant), gas (tenant), trash collection (tenant), water/sewer (tenant)

Community Details

Overview

  • 3 Units

Building Details

  • Operating Expense $344
  • Gross Income $3,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,327

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Class: MULTIFAMILY
  • Down Payment Assistance: No
  • Property Type: Triplex
  • Year Built Description: Existing
  • Year Built: 1979
  • Price Per Sq Ft: 1
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1979

Interior Features

  • Floors: Laminate, Vinyl
  • Miscellaneous: Handicapped Features

Exterior Features

  • Construction: Brick
  • Foundation: Crawl Space
  • Water Heater: Gas (WTRHTR)

Garage/Parking

  • Parking: 2 Spaces per Unit, Assigned, On Street Parking

Utilities

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

Condo/Co-op/Association

  • Total Units: 3

Schools

  • Elementary School: BARRETT
  • Middle School: OSSIE WARE MITCHELL
  • High School: WOODLAWN

Lot Info

  • Assessor Parcel Number: 23-00-14-2-019-003.000

Rental Info

  • Tenant Pays: All Utilities (TENANT), Electric (TENANT), Gas (TENANT), Trash Collection (TENANT), Water/Sewer (TENANT)

Tax Info

  • Tax District: BIRMINGHAM
  • Annual Tax: 1327

Multi Family

  • Expenses: 344
  • Gross Income: 3000

MLS Schools

  • Elementary School: BARRETT
  • High School: WOODLAWN
  • Jr Middle School: OSSIE WARE MITCHELL

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 7, 2024
Closed on
Apr 23, 2024
Sold by
Rental Harmony Management Llc
Bought by
7728 Al Rental Property Llc
Seller's Agent
DANIEL DEMERS
Sell Your Home Services
Buyer's Agent
Sandy Nguyen (Binh)
Goal Realty LLC
List Price
$359,000
Sold Price
$350,000
Premium/Discount to List
-$9,000
-2.51%
Total Days on Market
34
Views
210
Current Estimated Value
$322,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$27,333
Avg. Annual Appreciation
-7.25%
Original Mortgage
$280,000
Outstanding Balance
$277,267
Interest Rate
6.74%
Mortgage Type
New Conventional
Estimated Equity
$45,400

Purchase Details

Closed on
Mar 31, 2023
Sold by
Bama Capital Llc
Bought by
Rental Harmony Management Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,000
Interest Rate
6.32%

Range of Values:

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Average Value
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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
7728 Al Rental Property Llc -- None Listed On Document
Rental Harmony Management Llc $140,000 --
Bama Capital Llc $108,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 7728 Al Rental Property Llc $280,000
Previous Owner Rental Harmony Management Llc $175,000
Previous Owner Rental Harmony Management Llc $112,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/25/2024 04/25/24 Sold $350,000 -2.5% $108 / Sq Ft
03/12/2024 03/12/24 Pending -- -- --
02/07/2024 02/07/24 For Sale $359,000 -- $111 / 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 $1,340 $36,180 -- --
2022 $1,327 $18,540 $2,680 $15,860
2021 $1,079 $14,880 $2,680 $12,200
2020 $1,399 $19,300 $2,680 $16,620
2019 $1,399 $19,300 $0 $0
2018 $977 $13,480 $0 $0
2017 $977 $16,820 $0 $0
2016 $1,219 $16,820 $0 $0
2015 $1,219 $16,820 $0 $0
2014 $1,186 $15,140 $0 $0
2013 $1,186 $15,140 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2024

    DANIEL DEMERS

    Sell Your Home Services

    2 in this area

    4,320 Total Sales

    DANIEL DEMERS
    Section Image
  • Sandy Nguyen (Binh)

    Buyer's Agent in 2024

    Sandy Nguyen (Binh)

    Goal Realty LLC

    (205) 253-2500

    2 in this area

    244 Total Sales

    Sandy Nguyen (Binh)
    Section Image
See All Agents

Map

Source: Greater Alabama MLS

MLS Number: 21376449

Greater Alabama MLS

APN: 23-00-14-2-019-003.000

Alabama Jefferson County Birmingham 35206 South Eastlake

7728 1st Ave S, Birmingham, AL

Homes for Sale in Birmingham, AL

This home is located at 7728 1st Ave S, Birmingham, AL 35206 since 07 February 2024 and is currently estimated at $322,667, approximately $99 per square foot. This property was built in 1979. 7728 1st Ave S is a home located in Jefferson County with nearby schools including Barrett Elementary School, Ossie Ware Mitchell Middle School, and Woodlawn 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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