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    806 17TH STREET

    Birmingham, AL 35218
    • $63,000
    • STATUS: Active
    • ON SITE: 34 days
    • MLS #: 1289557
    UPDATED: 54 min ago
    $63,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1930
    County:

    School Information

    Elementary School:
    Middle School:
    High School:
    Listing provided courtesy of Lah - Crestline Branch.
    © 2021 Greater Alabama MLS.



    Description

    This home is apart of a Rental Portfolio to be sold with 19 other properties. Not only is the CAP rate outstanding but this portfolio is designed for efficiency! Many of the locations are only 1-2 minute drives from each other, with the furthest between two homes being no more than 10 minutes... 7 of the doors are even all on one street!!! This portfolio is 88% occupied but all units are move-in ready. The sellers decided to leave the last 3 units open, so the new buyer could decide what direction they wanted to take the portfolio. It should be noted that 75% of these homes are within a 5 minute drive of the site for the 2022 WORLD GAMES. Millions of dollars are being invested into restaurants, hotels and infrastructure in anticipation of the games. *Properties will not be sold individually. *Asking Price for all 20 properties: $1,500,000 *Monthly Rent: $16,186.00 ($8,394 Guaranteed via Section 8) *Annual Rent: $201,792.00

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    © 2021 Greater Alabama MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX content is not guaranteed accurate by the MLS or Bentley Drozdowicz Group | Keller Williams Homewood. Data last updated: 2021-07-27T10:30:49.36.

    www.homesbybdg.com/homes/118571624
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    806 17TH STREET Birmingham, AL 35218

    • Price: $63,000
    • Status: Active
    • Updated: 54 min ago
    • MLS #: 1289557
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1930
    Built
    Neighborhood:
    Ensley
    County:
    Jefferson
    Area:
    Ensley, Fairfield, Midfield, West End
    Elementary School:
    Bush Hills Academy
    Middle School:
    Bush
    High School:
    Jackson-Olin
    Property Description
    This home is apart of a Rental Portfolio to be sold with 19 other properties. Not only is the CAP rate outstanding but this portfolio is designed for efficiency! Many of the locations are only 1-2 minute drives from each other, with the furthest between two homes being no more than 10 minutes... 7 of the doors are even all on one street!!! This portfolio is 88% occupied but all units are move-in ready. The sellers decided to leave the last 3 units open, so the new buyer could decide what direction they wanted to take the portfolio. It should be noted that 75% of these homes are within a 5 minute drive of the site for the 2022 WORLD GAMES. Millions of dollars are being invested into restaurants, hotels and infrastructure in anticipation of the games. *Properties will not be sold individually. *Asking Price for all 20 properties: $1,500,000 *Monthly Rent: $16,186.00 ($8,394 Guaranteed via Section 8) *Annual Rent: $201,792.00
    Exterior Features

    Multifamily Property Type Duplex

    Interior Features

    Cooling Window Units (Cool) Floors Vinyl Foundation Crawl Space Heating Window Units (Heat) Type One Bedrooms 2 Type One Full Baths 1 Type One Furnished ASN None Type One Half Baths 0 Type Two Bedrooms 2 Type Two Eff YN No Type Two Full Baths 1 Type Two Furnished ASN None Type Two Half Baths 0

    Property Features

    Construction Siding Expenses 0 Financing Cash Miscellaneous None/Other Sales Type N/A Sewer Septic Connected Tenant Pays All Utilities (Tenant) Type One Eff YN No Type One Features Den Type One Units 1 Type Three Units 0 Type Two Features Den Type Two Units 1 Water Public Water Water Heater Electric (Wtrhtr) Year Built Desc Existing



    © 2021 Greater Alabama MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX content is not guaranteed accurate by the MLS or Bentley Drozdowicz Group | Keller Williams Homewood. Data last updated: 2021-07-27T10:30:49.36.

     
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    Bentley Drozdowicz Group | Keller Williams Homewood
    3040 Independence Drive
    Homewood AL, 35209
    Listing provided courtesy of Lah - Crestline Branch.
    © 2021 Greater Alabama MLS.