REQUEST A TOUR
$ 348,000
Est. payment | /mo
3 Beds
2 Baths
$ 348,000
Est. payment | /mo
3 Beds
2 Baths
Key Details
Property Type Multi-Family
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision Fairview
MLS Listing ID 21456692
Bedrooms 3
Full Baths 2
Year Built 1965
Property Sub-Type Apartment
Property Description
Cash-flowing 5-unit multifamily in Birmingham's Fairview neighborhood — professionally managed and ready to perform. Four units currently occupied with a mix of Section 8 and market-rate tenants; one unit recently fully renovated and ready for immediate lease-up. Brick construction, individual heat pumps, tenant-paid utilities, and on-site landscaping service keep operations lean. Stabilized pro forma at $3,185/month gross income delivers a 7.3% cap rate at list price. Managed by Watts Realty — financials available upon request. Call listing agent. Do not disturb tenants.
Location
State AL
County Jefferson
Area Ensley, Fairfield, Midfield, West End
Interior
Heating Heat Pump (HEAT), Individual Units (HEAT)
Cooling Heat Pump (COOL), Individual Units (COOL)
Flooring Other
Exterior
Parking Features On Street Parking, Other
Building
Foundation Slab
Sewer Connected
Water Public Water
Schools
Elementary Schools Minor
Middle Schools Bush Hills Academy
High Schools Jackson-Olin
Others
Financing Cash,Conventional
Listed by Keller Williams Realty Vestavia
NEARBY SCHOOL & BUSINESS
GET MORE INFORMATION
Jeremy Galloway
Agent | License ID: 119764
EXPLORE NEIGHBORHOODS IN BIRMINGHAM