Image 01 Image 02 Image 03 Image 04 Image 06 Image 07 Image 07 Image 07 Image 07
Buildings By Owner | Buy, Sell & Lease Commercial Real Estate. Privately.
top
Home For Sale Alabama Birmingham 3048
You must be logged in to save properties to your favorites! Please log in.
Please Log In
 

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

Featured Commercial Properties For Sale

3009 Cane Creek Road, Fairview, North Carolina 28730<br />United States

Commercial Land

Fairview ,  North Carolina

$289,999

116 Main Street, Nyack, New York 10960<br />United States

Mixed Use

Nyack ,  New York

$1,100,000

5016 Bridgeport Way W, University Place, Washington 98467<br />United States

Mixed Use

University Place ,  Washington

$1,500,000

2209 Delaney Rd., Wilmington, North Carolina 28403<br />United States

Medical Office

.18 sqft

Wilmington ,  North Carolina

$242,400

1344 rockbridge road, stone mountain, Georgia 30087<br />United States

Commercial Land

1.24 sqft

stone mountain ,  Georgia

$625,000

22 Cambridge Street, Middleboro, Massachusetts 02346<br />United States

Industrial-Condo

Middleboro ,  Massachusetts

$194,000