- – beds
- – baths
- – sqft
- 1973 build
- – on site
100% OCCUPIED as final tenant moves in shortly. Amazing opportunity to purchase this renovated 24-unit property close to downtown! All units are 2bed 1bath and have been rehabbed in the past 3 years. All plumbing walls redone including plumbing stacks. New plumbing and updated electrical. New Kitchens and bathrooms- cabinets and all! New LVP throughout main living and new carpet in bedrooms. All new Metal Roofs! Interior and all exterior has been newly painted. New heat/air units - mounted under kitchen window. Newly paved parking lot! 1/2 of the tenants are Section 8. Projected Gross income of $226,306 yearly. Projected NOI for next year is $174,871. NO OPTION FOR SELLER FINANCING!
Last checked:
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Last updated Jun 20, 2025
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MLS# 21422688 —
The Building
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Year Built:1973
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Year Built Description:Existing
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Construction:Brick and Frame
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Foundation:Slab
Interior
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Floors:Laminate, Wall-to-Wall Carpet
Financial & Terms
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Financing:Cash, Conventional
Location
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Directions:Head northwest on 16th St N > Turn left onto 16th Terrace N > Turn left onto 6th St N > Turn left onto 16th Ct N > 16th Ct N turns slightly right and becomes 7th St N (Destination will be on the right)
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Latitude:33.531334
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Longitude:-86.826364
The Property
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Property Type:Apartment
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Flood Plain:No
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Class:MULTIFAMILY
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Miscellaneous:None/Other
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Legal Description:LOTS 21 THRU 24 A P MCCLOSKEY S/D
Listing Agent
- Contact info:
- Office phone:
- 1(205) 397-6500
Taxes
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Parcel ID:22-00-26-2-031-001.000
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Tax District:BIRMINGHAM
The Listing
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Sales Type:N/A
Heating & Cooling
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Cooling:Other
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Heating:Window Units (HEAT)
Utilities
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Water:Public Water
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Sewer/Septic:Connected
Appliances
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Water Heater:Electric (WTRHTR)
Schools
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Elementary School:TUGGLE
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Middle Or Junior School:WILKERSON
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High School:PARKER
The Community
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Subdivision:AL
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Minor Subdivision:FOUNTAIN HEIGHTS
Parking
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Parking:2 Spaces per Unit, Guest Parking
Extra Units
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Total Units:24
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Type 1 Furnished:None
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Type 1 Features:Refrigerator, Stove, Washer/Dryer Connection
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Type 1 SqFt:728 Sqft
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Type 1 # of Units:24
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Type 1 # Bedrooms:2
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Type 1 # of Full Baths:1
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
6/20/25
Jun 20, 2025
|
Listed / Active | GALMLS | $1,690,000 |