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206 19TH STREET

Birmingham, AL 35211
  • $61,500
  • STATUS: Active
  • ON SITE: 37 days
  • MLS #: 1289558
UPDATED: 44 min ago
$61,500
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1948
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 Bailey Real Estate Group | EXIT Realty Prime. Data last updated: 2021-07-30T08:30:13.527.

www.baileyreg.com/homes/118571625
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206 19TH STREET Birmingham, AL 35211

  • Price: $61,500
  • Status: Active
  • Updated: 44 min ago
  • MLS #: 1289558
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1948
Built
Neighborhood:
Oakwood Estates
County:
Jefferson
Area:
Ensley, Fairfield, Midfield, West End
Elementary School:
Jackson
Middle School:
Arrington
High School:
Wenonah
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 Bailey Real Estate Group | EXIT Realty Prime. Data last updated: 2021-07-30T08:30:13.527.

 
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Bailey Real Estate Group | EXIT Realty Prime
2057 Valleydale Rd., Suite 100
Birmingham AL, 35244
Listing provided courtesy of Lah - Crestline Branch.
© 2021 Greater Alabama MLS.