6 Beds
3 Baths
Full Baths: 3
1950 Year Built

5-unit income property (triplex plus duplex) in Tarrant, all 2BD/1BA units. 3 of 5 units are occupied with a current gross rent of $1,780/mo and upside to $3,180/mo at full stabilization. Two vacant units are ready for lease-up, letting the next owner add $1,400/mo in income at market rents from day one. Investor-ready asset priced at $240,000. Conventional or DSCR financing expected. Triplex units are separately metered; the owner pays for water for the duplex, split 50/50, and tenants pay their own trash. Property management is in place at 8% of the collected rent. No active pest contract. 48-hour showing notice required.

Listed by EXP Realty LLC

VIRTUAL TOUR

GALLERY

PROPERTY DETAIL

Key Details

Property Type Multi-Family
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision Tarrant
MLS Listing ID 21452622
Bedrooms 6
Full Baths 3
Year Built 1950
Property Sub-Type Apartment
Location

State AL
County Jefferson
Area Inglenook, North Bham, Norwood, Tarrant
Building

Foundation Crawl Space
Sewer Connected
Water Public Water

Interior

Heating Heat Pump (HEAT)
Cooling Heat Pump (COOL)
Flooring Laminate, Wall-to-Wall Carpet
Exterior

Parking Features 1 Space per Unit, On Street Parking
Schools

Elementary Schools Tarrant
Middle Schools Tarrant
High Schools Tarrant
Others

Financing Cash,Conventional,FHA,VA
Virtual Tour https://www.propertypanorama.com/instaview/bham/21452622