817 LEXINGTON STREET, 35224, BIRMINGHAM, AL
817 LEXINGTON STREET, 35224, BIRMINGHAM, AL
$359,000
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.
Jeremy Galloway
817 LEXINGTON STREET, 35224, BIRMINGHAM, AL