7720 Madrid Ave
Birmingham, AL 35206
-- Bed-- Bath12,372 Sq Ft178 Days on Market
For Sale $1,350,000
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Courtesy of Bear Flag Property Management
Listing Agent & Comments
20 unit Garden Apartment Buildings at 100% occupancy. Good mix of sec 8 tenants, responsible self-pay, and long-term tenants/residents. Market rents for these units now $800/door. All utilities in tenants' names. New HVAC in all units, new water heaters in large majority, newly refinished parking lot, exterior lighting, new railings for both buildings to code, flooring and paint. Ready for cash flow and appreciation as the Birmingham revitalization has already started moving to the east-laying neighborhoods. Less than 10 miles from downtown, East Lake is a desirable part of the city where tenants can be close to work, family, new shops, and nature. Less than a mile to Birmingham favorite Ruffner Mountain. Professional Management in place with established tenant relationships for ease of transition.
MLS# 21387421 • Data provided by GALMLS
Living Area | 12,372 Sq.Ft. |
---|---|
Lot Size | 1.1 Acres |
Total Rooms | 10 |
Bedrooms | -- |
Bathrooms | -- |
Stories | 2 |
Year Built | 1964 |
Property Type | Multifamily |
Zoning | CR5 |
HOA Name | -- |
HOA Fee | -- |
HOA Includes | -- |
Tax Year | 2022 |
Tax Amount | $6,877 |
Property in Flood Zone | -- |
Data provided by GALMLS.
We’ll connect you with top agents in your area.
More Information On This Home
This home's estimated value
$1,229,872
ComeHome Estimated Value
What influenced our estimate?
This is ComeHome’s estimated market value for this home. It is not a formal appraisal. This estimate is based on our market knowledge, and it should be used as a starting point to determine a home’s value.
This property is missing data for:
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HouseCanary, Inc. Brokerage
7720 Madrid Ave., Birmingham, AL 35206
Multifamily-- Bed-- Bath12,372 Sq Ft178 Days on Market
Listing Agent & Comments
20 unit Garden Apartment Buildings at 100% occupancy. Good mix of sec 8 tenants, responsible self-pay, and long-term tenants/residents. Market rents for these units now $800/door. All utilities in tenants' names. New HVAC in all units, new water heaters in large majority, newly refinished parking lot, exterior lighting, new railings for both buildings to code, flooring and paint. Ready for cash flow and appreciation as the Birmingham revitalization has already started moving to the east-laying neighborhoods. Less than 10 miles from downtown, East Lake is a desirable part of the city where tenants can be close to work, family, new shops, and nature. Less than a mile to Birmingham favorite Ruffner Mountain. Professional Management in place with established tenant relationships for ease of transition.
MLS# 21387421 • Data provided by GALMLS
Living Area | 12,372 Sq.Ft. |
---|---|
Lot Size | 1.1 Acres |
Total Rooms | 10 |
Bedrooms | -- |
Bathrooms | -- |
Stories | 2 |
Year Built | 1964 |
Property Type | Multifamily |
Zoning | CR5 |
HOA Name | -- |
HOA Fee | -- |
HOA Includes | -- |
Tax Year | 2022 |
Tax Amount | $6,877 |
Property in Flood Zone | -- |
Data provided by GALMLS.
We’ll connect you with top agents in your area.
This property is missing data for:
Comparable properties
New
Do you own this home?
Access your homeowner dashboard
For Sale $1,350,000
Request tour
Save
Courtesy of Bear Flag Property Management
7720 Madrid Ave
Birmingham, AL 35206
-- Bed-- Bath12,372 Sq Ft178 Days on Market
Listing Agent & Comments
20 unit Garden Apartment Buildings at 100% occupancy. Good mix of sec 8 tenants, responsible self-pay, and long-term tenants/residents. Market rents for these units now $800/door. All utilities in tenants' names. New HVAC in all units, new water heaters in large majority, newly refinished parking lot, exterior lighting, new railings for both buildings to code, flooring and paint. Ready for cash flow and appreciation as the Birmingham revitalization has already started moving to the east-laying neighborhoods. Less than 10 miles from downtown, East Lake is a desirable part of the city where tenants can be close to work, family, new shops, and nature. Less than a mile to Birmingham favorite Ruffner Mountain. Professional Management in place with established tenant relationships for ease of transition.
MLS# 21387421 • Data provided by GALMLS
Living Area | 12,372 Sq.Ft. |
---|---|
Lot Size | 1.1 Acres |
Total Rooms | 10 |
Bedrooms | -- |
Bathrooms | -- |
Stories | 2 |
Year Built | 1964 |
Property Type | Multifamily |
Zoning | CR5 |
HOA Name | -- |
HOA Fee | -- |
HOA Includes | -- |
Tax Year | 2022 |
Tax Amount | $6,877 |
Property in Flood Zone | -- |
Data provided by GALMLS.
We’ll connect you with top agents in your area.
More Information On This Home
This home's estimated value
$1,229,872
ComeHome Estimated Value
What influenced our estimate?
This is ComeHome’s estimated market value for this home. It is not a formal appraisal. This estimate is based on our market knowledge, and it should be used as a starting point to determine a home’s value.
This property is missing data for:
Comparable properties
New
Do you own this home?
Access your homeowner dashboard
For Sale $1,350,000
Request tour
Save
Courtesy of Bear Flag Property Management