$1,645,000
$1,690,000
2.7%For more information regarding the value of a property, please contact us for a free consultation.
2 Beds
1 Bath
SOLD DATE : 04/30/2026
Key Details
Sold Price $1,645,000
Property Type Multi-Family
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Subdivision Fountain Heights
MLS Listing ID 21422688
Sold Date 04/30/26
Bedrooms 2
Full Baths 1
Year Built 1973
Property Sub-Type Apartment
Property Description
100% OCCUPIE. Amazing opportunity to purchase this renovated 24-unit property close to downtown! All units are 2bed 1bath and have been rehabbed in the past 3 years. All plumbing walls redone including plumbing stacks. New plumbing and updated electrical. New Kitchens and bathrooms- cabinets and all! New LVP throughout main living and new carpet in bedrooms. All new Metal Roofs! Interior and all exterior has been newly painted. New heat/air units - mounted under kitchen window. Newly paved parking lot! 1/2 of the tenants are Section 8. Projected Gross income of $226,306 yearly. Projected NOI for next year is $174,871. NO OPTION FOR SELLER FINANCING!
Location
State AL
County Jefferson
Area Downtown Birmingham, Southside
Interior
Heating Window Units (HEAT)
Cooling Other
Flooring Laminate, Wall-to-Wall Carpet
Exterior
Parking Features 2 Spaces per Unit, Guest Parking
Building
Foundation Slab
Sewer Connected
Water Public Water
Schools
Elementary Schools Tuggle
Middle Schools Wilkerson
High Schools Parker
Others
Financing Cash,Conventional
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Bought with Birmingham Non-Member Office
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