Portfolio of 3 Multifamily Properties Multi-Family FOR SALE


Birmingham, AL - Fairview
$2,350,000 USD
205-966-1908

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$2,350,000 USD
Multi-Family - FOR SALE
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Portfolio of 3 Multifamily Properties
Birmingham, AL
Fairview


OVERVIEW

Portfolio: $2,350,000 ($84k/door) 2418 Eufaula Court: 12-unit brick building with all 2 bed/1 bath units, built in 1957. Features wall heat, window A/C, and all-electric utilities. Tenants pay for separately metered power and water; landlord provides dumpster and exterior lighting. New metal roof installed in 2016; parking lot repaved in 2019. Currently 92% occupied with long-term stable tenancy and rent upside at $550/month. 2651 Pike Road: 6-unit, two-story building with all 2 bed/1 bath units, built in 1979. Each unit has central HVAC. Constructed of brick and wood with a new metal roof added in 2016. Landlord covers water, sewer, and city garbage. Includes additional land for possible expansion or new development. 100% occupied with long-term stable tenancy and rent upside at $600/month. 1700 Warrior Road: 10-unit, two-story building with all 2 bed/1 bath units, built in 1976. Features central HVAC, brick and vinyl exterior, and a new metal roof (2016) with repaved parking lot (2019). All units are separately metered with tenants paying utilities. Landlord provides dumpster service. 100% occupied with long-term stable tenancy and rent upside at $625/month.

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Chip WattsWatts Realty Co., Inc.More Info
205-966-1908

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Chip WattsWatts Realty Co., Inc.More Info
205-966-1908

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.