BEDS0
BATHS
MLS#21449759
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONSMITHFIELD NORTH
Property Description
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!T he owner is willing to take a small deposit, and allow the purchaser to rehab the units so that they could get a new first mortgage.
Property Features
Property Type: Multi Unit - Multiple
Basement:
Cooling: Central Control Air
Days on Market: 5
Year Built: 1957
Feature Descriptions
Expenses: 21606
Flood Plain Y/N: No
Flooring: Vinyl
Foundation: Slab
Miscellaneous: None/Other
Owner Pays: No Utilities (Owner)
Parcel #: 22-00-34-1-030-001.000
Sewer: Other
Tenant Pays: All Utilities
Units: 24
Water: Public Water
Local Schools
High School: PARKER
Middle School: WILKERSON
Elementary School: TUGGLE
Listed By / Shown By
Listed By
Agency Name: Keller Williams Realty Vestavia
Agency Phone: 205-397-6500
Shown By
Agency Title: Newcastle Homes
Agency Phone: 205-671-2931
Estimate Your Payment
Estimated Payment
$ 5,341.90 per month $4,994.81 Principal & Interest $0.00 Property Tax (data not provided by mls) $347.08 Homeowner's Insurance