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704 Eastern Manor Lane

Birmingham, AL 35215
  • $725,000
  • STATUS: Active
  • ON SITE: 52 Days
  • MLS #: 1336477
UPDATED: 135 min ago
$725,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1990
County:

School Information

Elementary School:
Middle School:
High School:
Greater Alabama MLS (Birmingham Association of Realtors) logo Listing provided courtesy of Exp Realty, Llc Central.
© 2022 Greater Alabama MLS.



Description

Here is your opportunity to own 8 townhome units in the same location with a proven ability to raise rents. Professionally managed with strong payment history. These rentals are in a stable area and have been well maintained. Monthly income for the portfolio is currently. $6,605. Three units have been renovated and leased for $995/mo. The five unrenovated units are rented for an average of $730. With moderate cosmetic renovations youll have the opportunity to raise rents on the portfolio more than $1,000 per month. This is an opportunity to quickly scale your Birmingham portfolio. A recent sale in this complex was for $115,000 putting the potential portfolio value at $920,000. Addresses in portfolio include 704 Eastern Manor Ln, 706 Eastern Manor Ln, 710 Eastern Manor Ln, 712 Eastern Manor Ln, 713 Eastern Manor Ln, 715 Eastern Manor Ln, 716 Eastern Manor Ln, 717 Eastern Manor Ln

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Greater Alabama MLS (Birmingham Association of Realtors) logo © 2022 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 Lux Home Group | Keller Williams Hoover. Data last updated: 2022-12-06T00:30:17.917.

www.alabamalux.com/homes/133955097
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704 Eastern Manor Lane Birmingham, AL 35215

  • Price: $725,000
  • Status: Active
  • On Site: 52 Days
  • Updated: 135 min ago
  • MLS #: 1336477
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1990
Built
Neighborhood:
Eastern Manor
County:
Jefferson
Area:
Centerpt, Grayson Valley, Huffman, Roebuck
Elementary School:
Sun Valley
Middle School:
Smith
High School:
Huffman
Property Description
Here is your opportunity to own 8 townhome units in the same location with a proven ability to raise rents. Professionally managed with strong payment history. These rentals are in a stable area and have been well maintained. Monthly income for the portfolio is currently. $6,605. Three units have been renovated and leased for $995/mo. The five unrenovated units are rented for an average of $730. With moderate cosmetic renovations youll have the opportunity to raise rents on the portfolio more than $1,000 per month. This is an opportunity to quickly scale your Birmingham portfolio. A recent sale in this complex was for $115,000 putting the potential portfolio value at $920,000. Addresses in portfolio include 704 Eastern Manor Ln, 706 Eastern Manor Ln, 710 Eastern Manor Ln, 712 Eastern Manor Ln, 713 Eastern Manor Ln, 715 Eastern Manor Ln, 716 Eastern Manor Ln, 717 Eastern Manor Ln
Exterior Features

Multifamily Property Type Apartment

Interior Features

Cooling Central Control (Cool) Floors Vinyl Foundation Crawl Space Heating Electric (Heat) Type One Bedrooms 3 Type One Full Baths 2 Type One Furnished ASN Some Type One Half Baths 1 Type Three Bedrooms 2 Type Three Full Baths 1 Type Three Furnished ASN Some Type Three Half Baths 1 Type Two Bedrooms 2 Type Two Full Baths 2 Type Two Furnished ASN Some Type Two Half Baths 1

Property Features

Construction Siding Expenses 3300 Financing CashConventional Miscellaneous None/Other Sales Type As Is Sewer Septic Connected Tenant Pays All Utilities (Tenant) Type One Features Washer/Dryer Connection Type One Units 1 Type Three Features Dishwasher Type Three Units 3 Type Two Features Dishwasher Type Two Units 4 Water Public Water Water Heater Electric (Wtrhtr) Year Built Desc Existing

Listing provided by Exp Realty, Llc Central: 888-923-5547.


Greater Alabama MLS (Birmingham Association of Realtors) logo © 2022 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 Lux Home Group | Keller Williams Hoover. Data last updated: 2022-12-06T00:30:17.917.

 
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Lux Home Group | Keller Williams Hoover
1021 Brocks Gap Parkway Suite 125
Hoover AL, 35244
Greater Alabama MLS (Birmingham Association of Realtors) logo Listing provided courtesy of Exp Realty, Llc Central.
© 2022 Greater Alabama MLS.