Welcome to 7720/7730 Madrid Ave, 20 light-filled Garden Apartment units. Market rents for these units now $800/door. Tenants have separate meters for electricity and water, owner pays trash and landscaping. Virtually all new HVAC, new water heaters majority, newly refinished parking lot, exterior lighting, new railings for both buildings to code, flooring and paint. Poised for long-term cash flow and appreciation. Less than 10 miles from downtown, East Lake is a desirable part of the city where tenants can be close to work, family, shopping centers, and nature. Quiet buildings occupied by working families. Professional Management in place with established tenant relationships for ease of transition, offering 3 months free rent collection and accounting.
Property Features
Cooling Information
Central Air
Heating Information
Electric
Water Features
Public
House Interior
Eat-in Kitchen
School Information
School Information for 7720 Madrid Avenue, BIRMINGHAM, AL 35206
Elementary School
BARRETT
Middle School
OSSIE WARE MITCHELL
High School
WOODLAWN
Listing Courtesy: Bear Flag Property Management - 205-733-0354
The data relating to real estate for sale on this site comes in part from the Broker Reciprocity/IDX program of the Birmingham Alabama Association of REALTORS®. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. The Birmingham Alabama Association of REALTORS® does not create, control or review the property data displayed herein and take no responsibility for the content of such records.
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Neighborhood Market Statistics
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Median Listing Price
Median Days on Site
Median Square Feet
Market statistics compiled from data from Greater Alabama MLS.
EXIT REALTY CAHABA
13521 Old Highway 280, Ste. 249, Birmingham, AL 35242