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$ 1,190,000
Est. payment | /mo
3 Beds
2 Baths
$ 1,190,000
Est. payment | /mo
3 Beds
2 Baths
Key Details
Property Type Multi-Family
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision Smithfield North
MLS Listing ID 21449759
Bedrooms 3
Full Baths 2
Year Built 1957
Property Sub-Type Apartment
Property Description
24-unit Property in 3 buildings. Great Value Add Opportunity w/16 vacant. Purchased in 2022 for $1,481,625. Units were renovated in 2022-23 w/all new electrical, plumbing, HVAC ducts/vents and HVAC units, windows, kitchens & baths! (new owner did additional electrical meter upgrades after purchase. Some vandalizing has occurred requiring an estimated $100,000 in cabinets, HVAC, flooring, some cabinets, doors & some plumbing/tile is needed. Some of the vacant units are almost ready to rent!! Needs new owner & good property manger! All main level slab units!! 12 units: 1 bed/1 bath. 12 units: 2 bed/1 bath. Current monthly income is $4,540.00. Property is ONE BLOCK from the 50 Million Dollar Smithfield COMMUNITY TRANSFORMATIONAL GRANT project!T he owner is willing to take a small deposit, and allow the purchaser to rehab the units so that they could get a new first mortgage.
Location
State AL
County Jefferson
Area Ensley, Fairfield, Midfield, West End
Interior
Heating Central Control (HEAT)
Cooling Central Control (COOL)
Flooring Vinyl
Exterior
Parking Features On Street Parking
Building
Foundation Slab
Sewer Other
Water Public Water
Schools
Elementary Schools Tuggle
Middle Schools Wilkerson
High Schools Parker
Others
Financing Cash,Conventional,Owner Held Mortgage
Virtual Tour https://drive.google.com/drive/folders/1StYMaKqSxVT6ks1QzftIHWOzjtmQRu8s?usp=sharing
Listed by Keller Williams Realty Vestavia
NEARBY SCHOOL & BUSINESS
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Jeremy Galloway
Agent | License ID: 119764
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