Description
6 unit apartment building being sold AS-IS. All units have washer/dryer connections, some stoves and fridges. Granite counter tops and central heat and air. Tenants pay all utilities and each unit has their own electric and water meters. Existing tenant leases to remain in force upon sale. Legal address of property is 7701 7th Ave S. Street address of stairwell on right is 7701 7th Ave S, units A, B, C & D. Stairwell on left is street address 7703 7th Ave S, units A & B. 2 units are vacant and need cleaning and updating after tenant move-out. 1 unit is vandalized and needs work. Gross rent shown is based on 12 mo. occupancy at $625 per mo. per unit. The two units currently rented pay $600 and $610 per mo. but as maintenance is done and vacant units cleaned they will rent for $650 per mo. With full rehab of building units should rent for $750 per mo.
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0BEDS
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N/AACRES
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0BATHS
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01/2 BATHS
School Information
Listing provided courtesy of Garrett Realty Solutions.
© 2023 Greater Alabama MLS.Description
6 unit apartment building being sold AS-IS. All units have washer/dryer connections, some stoves and fridges. Granite counter tops and central heat and air. Tenants pay all utilities and each unit has their own electric and water meters. Existing tenant leases to remain in force upon sale. Legal address of property is 7701 7th Ave S. Street address of stairwell on right is 7701 7th Ave S, units A, B, C & D. Stairwell on left is street address 7703 7th Ave S, units A & B. 2 units are vacant and need cleaning and updating after tenant move-out. 1 unit is vandalized and needs work. Gross rent shown is based on 12 mo. occupancy at $625 per mo. per unit. The two units currently rented pay $600 and $610 per mo. but as maintenance is done and vacant units cleaned they will rent for $650 per mo. With full rehab of building units should rent for $750 per mo.
© 2023 Greater Alabama MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX content is not guaranteed accurate by the MLS or Josh Vernon Group | Keller Williams.
Data last updated: 2023-03-21T00:30:23.763.