$965,000
$975,000
1.0%For more information regarding the value of a property, please contact us for a free consultation.
2 Beds
1 Bath
SOLD DATE : 05/18/2023
Key Details
Sold Price $965,000
Property Type Multi-Family
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Subdivision Rugby Gardens
MLS Listing ID 1349612
Sold Date 05/18/23
Bedrooms 2
Full Baths 1
Year Built 1964
Property Description
Here is an amazing opportunity to purchase this multifamily property in a growing submarket of Birmingham, South East Lake, right near Ruffner Mountain. There are two identical buildings with ten units each, totaling an asset of 20-units. All units have 2 Bedrooms, 1 Bath. Nearly all of the units have been renovated, with updated kitchens and bathrooms. New vinyl floors throughout and fresh interior paint. Units are large and spacious with an open floor plan, which make leasing very simple. They all have large windows that let in tons of natural light. It's also close to shopping, restaurants, and major highways so easy access to all that Birmingham has to offer. The newer leases are being signed by $695, which still leaves room for growth. All units, except for 1 is already rented. If you're looking for a deal that cashflow from day 1, that still has the upside value add potential, this is the one! It's everything you're looking for and will make a great addition to any portfolio.
Location
State AL
County Jefferson
Area Eastlake, Woodlawn
Interior
Heating Individual Units (HEAT)
Cooling Individual Units (COOL)
Flooring Laminate, Wall-to-Wall Carpet
Exterior
Parking Features Other
Building
Foundation Basement
Sewer Connected
Water Public Water
Schools
Elementary Schools Barrett
Middle Schools Ossie Ware Mitchell
High Schools Woodlawn
Others
Financing Cash,Conventional
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Bear Flag Property Management
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "