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
Sold for $650,000 on 04/05/23
$650,000
704 Eastern Manor Ln, Birmingham, AL 35215
7beds
3,724sqft
Apartment
Built in 1990
-- sqft lot
$243,300 Zestimate®
$175/sqft
$1,596 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: April 10, 2023 at 11:14am
Listed by:
Todd Helzer 205-616-5024,
eXp Realty, LLC Central
Bought with:
Jordan Holt
eXp Realty, LLC Central
Source: GALMLS,MLS#: 1336477

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 8
- Full bathrooms: 5
- 1/2 bathrooms: 3
Heating
- Electric
Cooling
- Central Air
Appliances
- Included: Dishwasher, Electric Water Heater
- Laundry: Washer/Dryer Connection
Features
- Flooring: Vinyl
- Basement: Crawl Space
Interior area
- Total interior livable area: 3,724 sqft
Property
Parking
- Parking features: Assigned
Details
- Parcel number: 1300271004013.000
- Special conditions: As Is
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Apartment
Materials
- Siding
Condition
- Year built: 1990
Utilities & green energy
- Water: Public
- Utilities for property: Sewer Connected
Community & neighborhood
Location
- Region: Birmingham
- Subdivision: Eastern Manor
Services availability
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$243,300
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$243,300