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Home For Sale Alabama Birmingham 3048
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Apartment Building For Sale By Owner

Ballard 2 Apartments: 7-Unit Apartment Complex




920 4th Court West, Birmingham, Alabama 35204 United States
Description

Collect $2,275 per month OR MORE on this 7-Unit property in Birmingham. A perfect starter property, with $14,175 proforma annual NOI, if you're looking for real passive income and to multiply your returns in real estate. For less than the price of most single family homes, you can have seven income-producing units under one roof. This property is PRICED TO MOVE QUICKLY at $85,000. It has 100 percent occupancy and a cap rate of 15.5 percent. This is an off-market deal that is being offered before it goes to the nationwide market on April 2,2014.
This apartment complex is a stable property with 100 percent occupancy. This deal is the perfect opportunity to transition from a single-family residence landlord to a multi-family property owner, with a rent increase upside and Section 8 Housing available. It offers a stable investment that has been recently renovated on the interior and exterior, including roofs, painting, appliances, and HVAC.

For IMMEDIATE DELIVERY of the Property Package:
Option 1: Text your name & email to (256) 664-0045, and a packet will be emailed within 10 minutes.
Option 2: Dial the voice box at (256) 664-0045, and speak ONLY your name & email – a packet will be emailed within 10 minutes.

Shopping and dining are available within walking distance, and the property is close to public transportation and schools. It is located in a quiet residential area in the Birmingham area.


Price: $85,000
Property Sub-Type: Apartment Building
Cap Rate: 15.5 %
Total Building Size: 4200 SF
Total Lot Size : 13939 SF
Occupancy: 100 %
Listing ID: 3048

Map of: 920 4th Court West, Birmingham, Alabama 35204 United States

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