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Buildings By Owner | Buy, Sell & Lease Commercial Real Estate. Privately.
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Home For Sale Alabama Birmingham 3049
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Apartment Building For Sale By Owner

5-Unit Property in Birmingham's West End Neighborhood




1341 Cotton Avenue SW, Birmingham, Alabama 35211 United States
Description

This 5-Unit property in Birmingham’s West End neighborhood is the perfect starter property if you're looking for real passive income and to multiply your returns in real estate. PRICED TO MOVE QUICKLY at $65,000, this multifamily property offers multiple money-generating strategies, with an estimated annual NOI of $10,800. With a cap rate of 16.6 percent, rent raises also are possible, and all utilities are paid by tenants.

This is an off-market deal that is being offered before it goes to the nationwide market on April 2,2014.

For IMMEDIATE DELIVERY of the Property Package: Option 1: Text your name & email to 205-255-3477, and a packet will be emailed within 10 minutes. Option 2: Dial the voice box at 205-255-3477, and speak ONLY your name & email – a packet will be emailed within 10 minutes.
This is a stable investment property with well-maintained units, a new roof, perimeter fencing and a gate.

This location offers excellent exposure to drive-by traffic and is near retail and commercial services, a major medical center, and within walking distance of area schools. It is also in close proximity to public transportation, and shopping, dining, and popular entertainment are just minutes away.

Price: $65,000
Property Sub-Type: Apartment Building
Cap Rate: 16.6 %
Total Building Size: 3000 SF
Total Lot Size : 13504 SF
Occupancy: 100 %
Listing ID: 3049

Map of: 1341 Cotton Avenue SW, Birmingham, Alabama 35211 United States

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