$309,000
$339,900
9.1%For more information regarding the value of a property, please contact us for a free consultation.
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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