Birmingham, AL 35205,1435 15TH AVE S #1-5

$309,000

$339,900

9.1%
Est.Price: ?

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Est. payment /mo

5 Beds

3 Baths


SOLD DATE : 08/15/2018

Key Details

Sold Price $309,000

Property Type Multi-Family

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

Subdivision Southside

MLS Listing ID 804197

Sold Date 08/15/18

Bedrooms 5

Full Baths 3

Year Built 1920

Property Description

NEW PRICE! Great Investment Opportunity! Fully leased! Well maintained historic home converted to 5 apartments. This property has maintained many historic features of Southside home from the 1920's. Excellent Rental History! Lots of potential for increased rents. - 5 units o Basement Unit – 1/1 – good space for a 1/1 - $550 o Main floor right – 1/1 - $640 o Main floor left – 2/1 - $725 o Top floor right – 1/1 - $600 o Top floor left – 2/1 - $675 - Total Monthly Gross Rent - $3190 - $38,280 annually - Owner pays water bill $150-$200/month - All HVAC units either replaced or significant updates in past 7 years, regularly maintained - Roof less than 7 years old - Aquaguard Water Proofing System with Warranty - Insurance around $3400/year - Taxes around $2500/year Please allow 2-3 days for all showings, 48 hour notice required for tenants. Listing agent is co-owner and a licensed real estate agent in the State of Alabama.

Location

State AL

County Jefferson

Area Downtown Birmingham, Southside

Interior

Heating Gas Heat, Heat Pump (HEAT), Individual Units (HEAT)

Cooling Ceiling Fans, Electric (COOL), Individual Units (COOL)

Flooring Laminate, Some Hardwood, Tile

Exterior

Parking Features On Street Parking

Building

Foundation Basement, Crawl Space

Sewer Connected

Water Public Water

Schools

Elementary Schools Glen Iris

Middle Schools Arrington

High Schools Carver, G W

Others

Financing Cash,Conventional,FHA,FHA203 Rehab,VA

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Listed by ERA King Real Estate Vestavia
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