100% OCCUPIED as final tenant moves in shortly. Amazing opportunity to purchase this renovated 24-unit property close to downtown! All units are 2bed 1bath and have been rehabbed in the past 3 years. All plumbing walls redone including plumbing stacks. New plumbing and updated electrical. New Kitchens and bathrooms- cabinets and all! New LVP throughout main living and new carpet in bedrooms. All new Metal Roofs! Interior and all exterior has been newly painted. New heat/air units - mounted under kitchen window. Newly paved parking lot! 1/2 of the tenants are Section 8. Projected Gross income of $226,306 yearly. Projected NOI for next year is $174,871. NO OPTION FOR SELLER FINANCING!
For sale
$1,690,000
1609 6th St N, Birmingham, AL 35204
2beds
728sqft
Est.:
Apartment
Built in 1973
-- sqft lot
$1,554,900 Zestimate®
$2,321/sqft
$-- HOA
What's special
New plumbingNew metal roofsNewly paved parking lotNew carpetNew kitchens
- 61 days
- on Zillow |
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