Birmingham, AL 35215,704 EASTERN MANOR LANE
Birmingham, AL 35215,704 EASTERN MANOR LANE
Birmingham, AL 35215,704 EASTERN MANOR LANE
Birmingham, AL 35215,704 EASTERN MANOR LANE
Birmingham, AL 35215,704 EASTERN MANOR LANE
Birmingham, AL 35215,704 EASTERN MANOR LANE
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$650,000

$725,000

10.3%
Est.Price: ?

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Est. payment /mo

7 Beds

6.5 Baths


SOLD DATE : 04/05/2023

Key Details

Sold Price $650,000

Property Type Multi-Family

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

Subdivision Eastern Manor

MLS Listing ID 1336477

Sold Date 04/05/23

Bedrooms 7

Full Baths 5

Half Baths 3

Year Built 1990

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 you’ll 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

Location

State AL

County Jefferson

Area Centerpt, Grayson Valley, Huffman, Roebuck

Interior

Heating Electric (HEAT)

Cooling Central Control (COOL)

Flooring Vinyl

Exterior

Garage Assigned

Building

Foundation Crawl Space

Sewer Connected

Water Public Water

Schools

Elementary Schools Sun Valley

Middle Schools Smith

High Schools Huffman

Others

Financing Cash,Conventional

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Listed by eXp Realty, LLC Central
Bought with eXp Realty, LLC Central
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(678) 647-3150

broker@sandshomesrealtyllc.com

100 Courthouse Square, Buchanan, GA, 30113, United States

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