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$870,000   Price Analysis
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7409 1st Ave N
Birmingham, AL 35206
12 bed 12 bath unknown SqFt ($0/SqFt)
Built 1940
Listed 2024-05-29
Ⓧ USDA Ineligible
due to price & location

near Birmingham

Welcome to your next investment opportunity!This beautifully renovated apartment complex consists of 12 sizeable units

Each featuring 1 large bedroom and 1 full bath.The complex has 3 all-brick buildings, each building hosting 4 units:2 on the ground floor and 2 upstairs.Every unit is bathed in natural light, thanks to the large windows and welcomes you w/ striking red front doors.Step inside to find modern, redesigned layouts that enhance function & flow. Each front door opens into a central common hall.The units boast new kitchens, fresh exterior paint, new metal roofs, upgraded plumbing & electrical systems, modern bathrooms, efficient new window AC units, stylish LVP floors, & contemporary vanities.

Situated in a fully occupied prop, residents enjoy the convenience of a dedicated parking lot. This turn-key investment combines modern amenities w/classic charm, ensuring a desirable living experience for tenants & a proftable ven ture for you. Don't miss out on this exceptional property!


Presented by Margie Beth Shaw at
Keller Williams Realty Vestavia.
Listing Agent Photo

Property MLS #21387122 from Birmingham

Bedrooms: 12

Cooling Features: Window Units
Heating Features: Window Units
Water Heaters: Electric (WTRHTR), Electric Tankless

Full Bathrooms: 12

Flooring: Laminate

Parking Features: 1 Space per Unit, On Street Parking

Elementary School: BARRETT
High School: WOODLAWN
Middle School: OSSIE WARE MITCHELL

Barrett Elementary School is a public elementary school located approximately 0.2 miles away.
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Ossie Ware Mitchell Elementary School is a public middle school located approximately 1 miles away.
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Woodlawn High School-Magnet is a public high school located approximately 1.6 miles away.
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Eastlake Church of God In Christ is a private elementary school located approximately 0.1 miles away.
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Number of Units: 12
Bedrooms in Unit-1: 1
Full Bathrooms in Unit-1: 1
Unit-1 Description: Refrigerator, Stove
Unit-1 Square Feet: 750

Tenant Pays: Cable/TV Connect (TENANT), Electric (TENANT)

Source Listing Status: Active
County: Jefferson
Directions: Take I-59N to exit 131 toward Oporto-Madrid Blvd. Go for 0.2mi. Turn right onto 77th St. N. Go for 0.2mi. Turn right onto 1st Ave N (US-11) Go for 0.3mi.
Source Property Type: MULTIFAMILY
Area: EastLake, Woodlawn
Source Neighborhood: EAST LAKE
Owner Pays: Water/Sewer (OWNER)
Subdivision: EAST LAKE
Flood Plain: No
Property Subtype: Apartment
Source System Name: C2C

Listed 2024-05-29
$870,000
Birmingham

Operating Expense: 1650

Year Built: 1940
Building Exterior Type: Brick
Foundation Details: Crawl Space
Property Age: 84
Year Built Details: Existing

Sewer: Connected
Water Source: Public Water
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.