Residential Income in BIRMINGHAM

$359,000

817 LEXINGTON STREET, 35224, BIRMINGHAM, AL

Residential Income for sale in BIRMINGHAM, 817 LEXINGTON STREET, 35224

817 LEXINGTON STREET, 35224, BIRMINGHAM, AL

$359,000

Type: Residential Income

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.

Agent Information

Location

817 LEXINGTON STREET, 35224, BIRMINGHAM, AL

Data

Object TypeResidential Income
Purchase Price$359,000
Living Space0 m²
Plot SizeN/A
BathroomsN/A
Construction Year1939
ConditionNot specified
RoomsN/A

Energy Information

Heating TypeCentral Control (HEAT)
Primary Energy SourceN/A
Construction Year1939
Energy CertificateN/A
Final Energy DemandN/A
Certificate Valid UntilN/A
Energy Efficiency ClassN/A

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