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About This Home
This 3-bedroom, 2-bathroom multi-family at 826 1ST STREET in BIRMINGHAM, AL is listed for $1,190,000. Built in 1957, on a N/A lot.
24-unit Property in 3 buildings. Great Value Add Opportunity w/16 vacant. Purchased in 2022 for $1,481,625. Units were renovated in 2022-23 w/all new electrical, plumbing, HVAC ducts/vents and HVAC units, windows, kitchens & baths! (new owner did additional electrical meter upgrades after purchase.
Some vandalizing has occurred requiring an estimated $100,000 in cabinets, HVAC, flooring, some cabinets, doors & some plumbing/tile is needed. Some of the vacant units are almost ready to rent!! Needs new owner & good property manger! All main level slab units!!
12 units: 1 bed/1 bath. 12 units: 2 bed/1 bath. Current monthly income is $4,540.00. Property is ONE BLOCK from the 50 Million Dollar Smithfield COMMUNITY TRANSFORMATIONAL GRANT project! Amazing time to buy. Ask for the recent Close to High School, Downtown, public transit and interstate. Link to a file with updated photos is available. VIRTUAL TOUR at top of listing has detailed information and photos.
Key Features
- Built in 1957
Property Details
Monthly Cost Estimate
$6,364/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
826 1ST STREET
BIRMINGHAM, AL 35204
Smithfield North
Property Details
Heating
Cooling
Questions & Answers
This 3-bedroom, 2-bathroom multi-family at 826 1ST STREET is listed at $1,190,000. The estimated monthly payment is $5,157 based on 20% down at 6.5% interest.
Key features include: Built in 1957.
This property is listed by Margie Beth Shaw and can be reached at 2052342906 or MargieBeth@kw.com.
