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409 OPORTO MADRID BOULEVARD S Birmingham, AL 35206
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Key Details
Sold Price $1,000,000
Property Type Multi-Family
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Subdivision East Lake
MLS Listing ID 21421728
Sold Date 07/10/25
Bedrooms 3
Full Baths 2
Year Built 1983
Property Sub-Type Apartment
Property Description
Stable 14 unit apartment building. Fully occupied with good mix of section 8 tenants providing guaranteed flow of income and long-term self pay tenants. Gross rents of $12,251/mo. Tenants pay their own utilities (electricity and water). Owner pays trash, optional pest control, and some exterior lighting. New vinyl windows throughout all units. Newer roof. All incoming water lines are new from meter, and PVC drains and sewer. All units have water cutoffs inside for flood prevention. 50/50 new HVAC and water heaters. Painted cabinets and new countertops. Ceramic tiled shower surrounds and floors. Each unit has its own laundry space. Rent Roll details and a 2024-2025 P&L can be found under documents tab by your realtor. No showings without a qualified offer. Professional local management available with free trial period.
Location
State AL
County Jefferson
Area Eastlake, Woodlawn
Interior
Heating Electric (HEAT)
Cooling Central Control (COOL)
Flooring Vinyl
Exterior
Parking Features Guest Parking
Building
Foundation Slab
Sewer Connected
Water Public Water
Schools
Elementary Schools Robinson
Middle Schools Ossie Ware Mitchell
High Schools Woodlawn
Others
Financing Cash,Conventional
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Bought with BluePrint Realty Company