817 LEXINGTON STREET, Birmingham, AL 35224
817 LEXINGTON STREET, Birmingham, AL 35224
817 LEXINGTON STREET, Birmingham, AL 35224
817 LEXINGTON STREET, Birmingham, AL 35224
817 LEXINGTON STREET, Birmingham, AL 35224
817 LEXINGTON STREET, Birmingham, AL 35224
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Michelle Shunnarah

Michelle Shunnarah

+1(205) 230-8171
$ 359,000
Est. payment | /mo

4 Beds

2 Baths

Save Virtual Tour
$ 359,000
Est. payment | /mo
Save Virtual Tour

4 Beds

2 Baths

Key Details

Property Type Multi-Family

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Subdivision Adler Weaver

MLS Listing ID 21467628

Bedrooms 4

Full Baths 2

Year Built 1939

Property Sub-Type Apartment

Property Description

Five-structure, six-unit income package on Birmingham's west side. Two units leased at $950 and $900 under current leases, with in-place rent of $1,850 per month. Four 3-bed/1-bath houses and a 1/1 duplex, separately metered. The duplex was renovated in the past two years and is ready for a renter. Two vacant 3/1 units are being turned over. Projected NOI is about $38,800 on $60,600 gross potential at market rents, a 10.8% cash-on-cash return, and a cap rate at list price. Projections are estimates. Buyers should verify rents, expenses, and taxes. Buyer and/or Buyer's Agent must verify all information related to the property.

Location

State AL

County Jefferson

Area Mulga, Wylam

Interior

Heating Central Control (HEAT)

Cooling Central Control (COOL)

Flooring Vinyl, Wall-to-Wall Carpet

Exterior

Parking Features On Street Parking

Building

Foundation Crawl Space

Sewer Connected

Water Public Water

Schools

Elementary Schools Wylam

Middle Schools Green Acres

High Schools Jackson-Olin

Others

Financing Cash,Conventional

Virtual Tour https://www.propertypanorama.com/instaview/bham/21467628

Listed by EXP Realty LLC

Nearby Locations

Michelle Shunnarah

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(205) 230-8171

michelle@stonebridgerealty.co

37 Lake Davidson Ln, Helena, AL 35080-3264, USA

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817 LEXINGTON STREET