Birmingham, AL 35206,7720 MADRID AVENUE
Birmingham, AL 35206,7720 MADRID AVENUE
Birmingham, AL 35206,7720 MADRID AVENUE
Birmingham, AL 35206,7720 MADRID AVENUE
Birmingham, AL 35206,7720 MADRID AVENUE
Birmingham, AL 35206,7720 MADRID AVENUE
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$965,000

$975,000

1.0%
Est.Price: ?

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Est. payment /mo

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

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Listed by Freedom Ventures Realty
Bought with Bear Flag Property Management
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