51
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$359,000
Est. payment /mo
4 Beds
2 Baths
Active
817 LEXINGTON STREET Birmingham, AL 35224
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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
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