$1,325,000
$1,425,000
7.0%For more information regarding the value of a property, please contact us for a free consultation.
3 Beds
2 Baths
SOLD DATE : 05/05/2025
Key Details
Sold Price $1,325,000
Property Type Multi-Family
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Subdivision West End
MLS Listing ID 21395372
Sold Date 05/05/25
Bedrooms 3
Full Baths 2
Year Built 1965
Property Sub-Type Apartment
Property Description
100% OCCUPIED! Fully Renovated 18-Unit Apartment Project being sold at a 12% Cap Rate! All new plumbing and electrical. New Kitchens and bathrooms! New windows, New vinyl floors throughout main living and new carpet in the bedrooms. All new HVAC units & ducting. All new Metal Roofs! Interior and all exterior paint. New water lines. Outdoor grilling area. Great location tucked away right beside the beautiful Woodward Park. Units are large and spacious with open floor plans! 4 units are 1bedroom/1bath and 14 units are 2 bedroom/1bath. Section 8 approved! Rents range from $750-$950 a month. Potential to increase. 80% +/- Section 8!
Location
State AL
County Jefferson
Area Ensley, Fairfield, Midfield, West End
Interior
Heating Central Control (HEAT)
Cooling Central Control (COOL)
Flooring Vinyl
Exterior
Parking Features 1 Space per Unit, On Street Parking
Building
Foundation Slab
Sewer Connected
Water Public Water
Schools
Elementary Schools Hemphill
Middle Schools Arrington
High Schools Parker
Others
Financing Cash,Conventional
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