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Key Details
Sold Price $1,345,000
Property Type Multi-Family
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Subdivision Monte Sano
MLS Listing ID 1320127
Sold Date 10/31/22
Bedrooms 3
Full Baths 2
Year Built 1950
Property Description
Impressive Value Add Opportunity for this 30 unit Garden Apartment complex. Development consists of 7 buildings. Five buildings have been renovated. Two buildings remain requiring full renovation. The 30 units are comprised of 20 one bedrooms and 10 two bedroom units. Rising values in this area continue to add value to this property. Currently 19 units (18 one bedroom and 1 two bedroom) are rented. There are 11 units still in need of renovation (two 1 bedroom and nine 2 bedroom) All renovated units have unit controlled central air and heat, new vinyl energy efficient windows , new kitchens, updated bathroom, new hot water heaters and hardwood laminate throughout. All kitchens include a stove and refrigerator and some units have above range microwaves.
Location
State AL
County Jefferson
Area Ensley, Fairfield, Midfield, West End
Interior
Heating Central w/Ind Ctrl(HEAT)
Cooling Central w/Ind Ctrl(COOL)
Flooring Laminate
Exterior
Garage Other
Building
Foundation Crawl Space
Sewer Connected
Water Public Water
Schools
Elementary Schools Brown, Charles A.
Middle Schools Green Acres
High Schools Jackson-Olin
Others
Financing Conventional
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Bought with Plott and Company