Description
INSTANT EQUITY. 7 Unit portfolio bundled under market value. Rents over the 1% rule. All properties are tenant occupied on month to month. Great cash flow long term play or purchase and resale as individual units. Current Rents of all properties combined - $3,635/mo After slight rehab to all units market rent is conservatively $6,800. Willing to Seller Finance at 25% down, 8.92 IR, 30yr am Current Avg rent: $520 unit Market Avg rent: $971 Please contact the office for all photos, leases and rent roll. Property Addresses: Photos of the homes in the same order 1 Green Springs Ave. S Birmingham, AL 35205 (3 bed 1 bath, 876 sqft) 726 19th St. Bessemer, AL 35020 (2 bed 1 bath, 816 sqft) 1915 Holbrook Ave. 35020 (3 bed 1 bath, 1,100 sqft) 803 Dartmouth Ave. 35020 (2 bed 1 bath, 780 sqft) 1917 Holbrook Ave. 35020 (3 bed 1 bath, 1,048 sqft) 1816 Holbrook Ave. 35020 (2 bed 1 bath, 732 sqft) 410 West Lake Dr. 35020 (2 bed 1 bath, 828 sqft)
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0BEDS
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N/AACRES
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0BATHS
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01/2 BATHS
School Information
Listing provided courtesy of Bham Realty, Llc.
© 2023 Greater Alabama MLS.Description
INSTANT EQUITY. 7 Unit portfolio bundled under market value. Rents over the 1% rule. All properties are tenant occupied on month to month. Great cash flow long term play or purchase and resale as individual units. Current Rents of all properties combined - $3,635/mo After slight rehab to all units market rent is conservatively $6,800. Willing to Seller Finance at 25% down, 8.92 IR, 30yr am Current Avg rent: $520 unit Market Avg rent: $971 Please contact the office for all photos, leases and rent roll. Property Addresses: Photos of the homes in the same order 1 Green Springs Ave. S Birmingham, AL 35205 (3 bed 1 bath, 876 sqft) 726 19th St. Bessemer, AL 35020 (2 bed 1 bath, 816 sqft) 1915 Holbrook Ave. 35020 (3 bed 1 bath, 1,100 sqft) 803 Dartmouth Ave. 35020 (2 bed 1 bath, 780 sqft) 1917 Holbrook Ave. 35020 (3 bed 1 bath, 1,048 sqft) 1816 Holbrook Ave. 35020 (2 bed 1 bath, 732 sqft) 410 West Lake Dr. 35020 (2 bed 1 bath, 828 sqft)
© 2023 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 The Williams Group at Keller Williams Realty Tuscaloosa.
Data last updated: 2023-03-25T21:30:24.837.