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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

    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

    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#: 1336477MLS Logo

    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