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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!T he owner is willing to take a small deposit, and allow the purchaser to rehab the units so that they could get a new first mortgage.
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.
