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704 4TH AVE W Birmingham, AL 35204
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Key Details
Sold Price $23,500
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Subdivision Owenton
MLS Listing ID 780200
Sold Date 04/18/17
Bedrooms 4
Full Baths 2
Year Built 1925
Property Description
Great Income Property! For the low purchase price of $24,900 you will enjoy approximately $1,100 monthly income on this duplex after a new roof and some minor repairs. Assuming $7,000 in additional repairs and a 30% loss for future vacancy, cap expenditures, insurance, taxes, etc. you will enjoy an approximately 29% cap rate on this property. You as the buyer will be responsible for determining if your management style agrees with the figures.
Location
State AL
County Jefferson
Area Ensley, Fairfield, Midfield, West End
Interior
Heating Central w/Ind Ctrl(HEAT)
Cooling Central Control (COOL)
Flooring Laminate
Exterior
Garage Other
Building
Foundation Crawl Space
Sewer Connected
Water Public Water
Schools
Elementary Schools Princeton
Middle Schools Arrington
High Schools Ramsay
Others
Financing Cash
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