7701 7th Avenue, Birmingham, AL 35206

$299,000
List Price
$299,000
Status
ACTIVE
MLS#
1339022
Price Change
▼ $60,900 1673402027
Year Built
1963
Region
EastLake, Woodlawn
Subdivision
Rugby Gardens

Property Description

6 unit apartment building being sold AS-IS. Current list price is FIRM but as each vacant unit is cleaned and rented the list price will increase also. All units have washer/dryer connections, some stoves and fridges. Granite counter tops and central heat and air. Tenants pay all utilities and each unit has its own water and electric meter. Existing tenant leases to remain in force upon sale. Stairwell on right is street address 7701 7th Ave S, units A, B, C & D. Stairwell on left is street address 7703 7th Ave S, Units A & B. 2 units vacant and need cleaning and updating after tenant move-out. 1 unit vandalized and needs work. Gross rent shown is based on 12 mo. occupancy at $625 per mo. per unit. Effective 2/1/2023 three units are rented for total monthly rent of $1,860. Clean-up and maintenance is being done on vacant units which will be rented as work is completed.

Additional Information

Floors
Some Hardwood, Tile, Vinyl, Wall-to-Wall Carpet
Basement
Partial Basement
Cooling
Central Control (COOL), Electric (COOL), Individual Units (COOL)
Parking
1 Space per Unit, On Street Parking
Construction
Brick and Frame
Water
Public Water
Elementary School
Barrett
Middle School
Ossie Ware Mitchell
High School
Woodlawn

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Calculator source: Real Geeks

Listing courtesy of Garrett Realty Solutions.