$ 925,000
2020 22ND AVENUE Birmingham, AL 35234
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$ 925,000
Est. payment | /mo
2 Beds
1 Bath
$ 925,000
Est. payment | /mo
2 Beds
1 Bath
Key Details
Property Type Multi-Family, Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision Westbrook
MLS Listing ID 21399855
Bedrooms 2
Full Baths 1
Year Built 1979
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.
Location
State AL
County Jefferson
Area Inglenook, North Bham, Norwood, Tarrant
Interior
Heating Central w/Ind Ctrl(HEAT), Window Units (HEAT)
Cooling Central Control (COOL), Electric (COOL), Window Units (COOL)
Flooring Tile, Vinyl
Exterior
Garage 2 Spaces per Unit
Building
Foundation Slab
Sewer Connected
Water Public Water
Schools
Elementary Schools Norwood
Middle Schools Arrington
High Schools Carver, G W
Others
Financing Cash,Conventional
Listed by Bham Realty, LLC