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2020 22ND AVENUE

Birmingham, AL 35234
  • $925,000
  • STATUS: Active
  • ON SITE: 23 Days
  • MLS #: 21399855
$925,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1979
County:

School Information

Elementary School:
Middle School:
High School:
Greater Alabama MLS (Birmingham Association of Realtors) logo Listing provided courtesy of Bham Realty, LLC.
© 2024 Greater Alabama MLS.



Description

Don't miss out!! Under rented Apartment Building in North Birmingham. This area will be sure to appreciate very nicely with the $250mil+ the city is planning to put into the area. Start your investing journey with a property that will be sure to appreciate greatly in rents and value over the next 5-10 years. New Roof, all units have been renovated to market condition. Most units have been brought up to market rents but some are still below. Average rent per unit is $609, compared to the market of $750/per unit. One unit is vacant and the rest are occupied and paying on time. Large parking lot with plenty of space for all tenants who have a vehicle. Gross Rent per month: $9,645 Roof replaced 2023, all units that have new tenants have had a complete remodle. Lots of deferred mainteance taken care of by the current owner.

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Greater Alabama MLS (Birmingham Association of Realtors) logo © 2024 Greater Alabama MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX content is not guaranteed accurate by the MLS or EXIT Realty Southern Select. Data last updated: 2024-11-03T00:30:53.197.

www.exitrealtysouthernselect.com/homes/156603801
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2020 22ND AVENUE Birmingham, AL 35234

  • Price: $925,000
  • Status: Active
  • On Site: 23 Days
  • MLS #: 21399855
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1979
Built
Neighborhood:
Westbrook
County:
Jefferson
Area:
Inglenook, North Bham, Norwood, Tarrant
Elementary School:
Norwood
Middle School:
Arrington
High School:
Carver, G W
Property Description
Don't miss out!! Under rented Apartment Building in North Birmingham. This area will be sure to appreciate very nicely with the $250mil+ the city is planning to put into the area. Start your investing journey with a property that will be sure to appreciate greatly in rents and value over the next 5-10 years. New Roof, all units have been renovated to market condition. Most units have been brought up to market rents but some are still below. Average rent per unit is $609, compared to the market of $750/per unit. One unit is vacant and the rest are occupied and paying on time. Large parking lot with plenty of space for all tenants who have a vehicle. Gross Rent per month: $9,645 Roof replaced 2023, all units that have new tenants have had a complete remodle. Lots of deferred mainteance taken care of by the current owner.
Exterior Features

Multifamily Property Type Apartment

Interior Features

Cooling Central Control (COOL)Electric (COOL)Window Units (COOL) Floors TileVinyl Foundation Slab Heating Central w/Ind Ctrl(HEAT)Window Units (HEAT) Type One Bedrooms 2 Type One Full Baths 1 Type One Furnished ASN None Type One Half Baths 0

Property Features

Construction Concrete/Block Expense Term Per Month Expenses 450 Financing CashConventional Miscellaneous Security System Sales Type N/A Sewer Septic Connected Tenant Pays All Utilities (TENANT) Type One Features Eating Area-KitchenRefrigeratorStoveWasher/Dryer Connection Type One Units 16 Water Public Water Water Heater Electric (WTRHTR) Year Built Desc Existing

Listing provided by Bham Realty, LLC: (205) 767-8553.


Greater Alabama MLS (Birmingham Association of Realtors) logo © 2024 Greater Alabama MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX content is not guaranteed accurate by the MLS or EXIT Realty Southern Select. Data last updated: 2024-11-03T00:30:53.197.

 
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EXIT Realty Southern Select
196 Main St
Trussville AL, 35173
Greater Alabama MLS (Birmingham Association of Realtors) logo Listing provided courtesy of Bham Realty, LLC.
© 2024 Greater Alabama MLS.