817 LEXINGTON STREET
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.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $359,000 |
| No. of Units: | 6 |
| Year Built: | 1939 |
| Opportunity Zone: | No |
| Price per unit: | $59,833 |
| Property Website | Click Here |
| Number of Bedrooms: | 0 |
| Number of Bathrooms: | 0 |
ID: 3yd-BHAMMLSAL-21467628
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