24-unit Property in 3 buildings. Great Value Add Opportunity w/16 vacant. Purchased in 2022 for $1,481,625. Units were renovated in 2022-23 w/all new electrical, plumbing, HVAC ducts/vents and HVAC units, windows, kitchens & baths! (new owner did additional electrical meter upgrades after purchase. Some vandalizing has occurred requiring an estimated $100,000 in cabinets, HVAC, flooring, some cabinets, doors & some plumbing/tile is needed. Some of the vacant units are almost ready to rent!! Needs new owner & good property manger! All main level slab units!! 12 units: 1 bed/1 bath. 12 units: 2 bed/1 bath. Current monthly income is $4,540.00. Property is ONE BLOCK from the 50 Million Dollar Smithfield COMMUNITY TRANSFORMATIONAL GRANT project! Amazing time to buy. Ask for the recent Close to High School, Downtown, public transit and interstate. Link to a file with updated photos is available. VIRTUAL TOUR at top of listing has detailed information and photos.
School Information for 826 1st W Street, BIRMINGHAM, AL 35204
Elementary School
TUGGLE
Middle School
WILKERSON
High School
PARKER
Listing Courtesy: Keller Williams Realty Vestavia
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13521 Old Highway 280, Ste. 249, Birmingham, AL 35242