Description
Fantastic Investment Opportunity! This Complex consists of 2 separate buildings with 8 Units in each, totaling 16 Units. Each Unit has a Living Room, Eat-in Kitchen, 3 Bedrooms and 1 Bath as well as a second entrance leading out to the back of the building. There are 24 Parking spaces in the parking lot. New Roof & Roof Framing completed in 2019. One Unit is in need of remodel and is currently being used for storage. The rest of the units are occupied (10) or vacant & move-in-ready (5). New leases are being signed at $900 a month, which has been Section 8 Approved. Gross Income stated is a Proforma amount based on the occupancy of the 5 vacant, move-in-ready apartments. This complex currently has 10 filled units and is bringing in 7315 a month. Sale will include shed on property and its contents, along with extra appliances and building/maintenance materials. Please Contact Listing agent with any questions and to view the property. PLEASE DO NOT DISTURB TENANTS!
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0BEDS
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N/AACRES
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0BATHS
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01/2 BATHS
School Information
Listing provided courtesy of Keller Williams Homewood.
© 2023 Greater Alabama MLS.Description
Fantastic Investment Opportunity! This Complex consists of 2 separate buildings with 8 Units in each, totaling 16 Units. Each Unit has a Living Room, Eat-in Kitchen, 3 Bedrooms and 1 Bath as well as a second entrance leading out to the back of the building. There are 24 Parking spaces in the parking lot. New Roof & Roof Framing completed in 2019. One Unit is in need of remodel and is currently being used for storage. The rest of the units are occupied (10) or vacant & move-in-ready (5). New leases are being signed at $900 a month, which has been Section 8 Approved. Gross Income stated is a Proforma amount based on the occupancy of the 5 vacant, move-in-ready apartments. This complex currently has 10 filled units and is bringing in 7315 a month. Sale will include shed on property and its contents, along with extra appliances and building/maintenance materials. Please Contact Listing agent with any questions and to view the property. PLEASE DO NOT DISTURB TENANTS!
© 2023 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 Howard Whatley | ARC Realty.
Data last updated: 2023-11-30T00:30:24.257.