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Fernhill Realty LLC
817 Lexington St, Birmingham, AL 35224
- $359,000
- List Price
- $359,000
- Status
- ACTIVE
- MLS#
- 21467628
- Year Built
- 1939
- Region
- 292
- Subdivision
- Adler Weaver
Property Description
Five-structure, six-unit income package on Birmingham’s west side. Two units leased at $950 and $900 under current leases, with in-place rent of $1,850 per month. Four 3-bed/1-bath houses and a 1/1 duplex, separately metered. The duplex was renovated in the past two years and is ready for a renter. Two vacant 3/1 units are being turned over. Projected NOI is about $38,800 on $60,600 gross potential at market rents, a 10.8% cash-on-cash return, and a cap rate at list price. Projections are estimates. Buyers should verify rents, expenses, and taxes. Buyer and/or Buyer’s Agent must verify all information related to the property.
Additional Information
- Basement
- Crawl Space
- Cooling
- Central Air
- Sewer
- Sewer
- Elementary School
- Wylam
- Middle School
- Green Acres
- High School
- Jackson-Olin
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Listing courtesy of EXP Realty LLC.