REQUEST A TOUR
$ 240,000
Est. payment | /mo
6 Beds
3 Baths
$ 240,000
Est. payment | /mo
6 Beds
3 Baths
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
Property Description
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.
Location
State AL
County Jefferson
Area Inglenook, North Bham, Norwood, Tarrant
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
Building
Foundation Crawl Space
Sewer Connected
Water Public Water
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
Listed by EXP Realty LLC
NEARBY SCHOOL & BUSINESS
GET MORE INFORMATION
Jeremy Galloway
Agent | License ID: 119764
EXPLORE NEIGHBORHOODS IN BIRMINGHAM