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7720 MADRID AVE BIRMINGHAM, AL 35206
- Townhouse or Condo / Resale (MLS)
Property Details for 7720 MADRID AVE, BIRMINGHAM, AL 35206
Features
- Lot Size: 46683
- Total Units: 10
- Total Rooms: 20
- Stories: 200
- Roof Type: Asphalt
- Heating: Forced air unit
- Exterior Walls: Brick
Facts
- Year Built: 01/01/1964
- Property ID: 888923833
- MLS Number: 21387421
- Parcel Number: 23-00-14-2-020-014.000
- Property Type: Townhouse or Condo
- County: Jefferson
Description
This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.
This listing is NOT a foreclosure. 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.
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