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Key Details
Sold Price $168,500
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Subdivision Tarrant
MLS Listing ID 21373112
Sold Date 01/11/24
Bedrooms 5
Full Baths 2
Year Built 1960
Property Sub-Type Duplex
Property Description
Two Renovated Homes on One Lot! Gross rents of $1825/mo, all utilities metered separately to tenants, no expenses to owners. Front house is 3 bedrooms, rented for $975/mo. Back house is completely remodeled 2 bedrooms rented for $850/mo. 5 year leases on both with automatic 2.5% rent increases annually on anniversary date. Professional management in place offering free management for 3 months. For an accepted offer before New Years, seller offering a 2% of loan amount credit at closing, to use towards closing costs or 'buy down' your interest rate to further increase cash flow. Beautifully refinished hardwoods throughout both homes. New appliances with 90 day warranties. All new electrical, plumbing, water heater, roof less than 5 years old. Incredibly quiet street close to freeway and downtown Birmingham. Always will be a desirable rental. Set this one and forget it! MORE PHOTOS TO BE UPLOADED WITHIN 24-48 HOURS
Location
State AL
County Jefferson
Area Inglenook, North Bham, Norwood, Tarrant
Interior
Heating Central Control (HEAT)
Cooling Central Control (COOL)
Flooring Some Hardwood
Exterior
Parking Features 1 Space per Unit
Building
Foundation Crawl Space
Sewer Connected
Water Public Water
Schools
Elementary Schools Tarrant
Middle Schools Tarrant
High Schools Tarrant
Others
Financing Cash,Conventional
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Bought with RealtySouth-Inverness Office