$650,000
$725,000
10.3%For more information regarding the value of a property, please contact us for a free consultation.
7 Beds
6.5 Baths
SOLD DATE : 04/05/2023
Key Details
Sold Price $650,000
Property Type Multi-Family
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Subdivision Eastern Manor
MLS Listing ID 1336477
Sold Date 04/05/23
Bedrooms 7
Full Baths 5
Half Baths 3
Year Built 1990
Property Description
Here is your opportunity to own 8 townhome units in the same location with a proven ability to raise rents. Professionally managed with strong payment history. These rentals are in a stable area and have been well maintained. Monthly income for the portfolio is currently. $6,605. Three units have been renovated and leased for $995/mo. The five unrenovated units are rented for an average of $730. With moderate cosmetic renovations you'll have the opportunity to raise rents on the portfolio more than $1,000 per month. This is an opportunity to quickly scale your Birmingham portfolio. A recent sale in this complex was for $115,000 putting the potential portfolio value at $920,000. Addresses in portfolio include 704 Eastern Manor Ln, 706 Eastern Manor Ln, 710 Eastern Manor Ln, 712 Eastern Manor Ln, 713 Eastern Manor Ln, 715 Eastern Manor Ln, 716 Eastern Manor Ln, 717 Eastern Manor Ln
Location
State AL
County Jefferson
Area Centerpt, Grayson Valley, Huffman, Roebuck
Interior
Heating Electric (HEAT)
Cooling Central Control (COOL)
Flooring Vinyl
Exterior
Parking Features Assigned
Building
Foundation Crawl Space
Sewer Connected
Water Public Water
Schools
Elementary Schools Sun Valley
Middle Schools Smith
High Schools Huffman
Others
Financing Cash,Conventional
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