$84,000
$89,000
5.6%For more information regarding the value of a property, please contact us for a free consultation.
2356 24th ST W Birmingham, AL 35208
2 Beds
1 Bath
992 SqFt
Key Details
Sold Price $84,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 992 sqft
Price per Sqft $84
MLS Listing ID 163519
Sold Date 08/30/24
Style Other
Bedrooms 2
Full Baths 1
Construction Status Resale
HOA Y/N No
Year Built 1930
Annual Tax Amount $948
Lot Size 4,356 Sqft
Acres 0.1
Property Sub-Type Single Family Residence
Property Description
Two rental house portfolio sold for one price.
2356 24th St W is 2BR/1BA 992 sf built 1930. Good tenant at $675 per month. Taxes $948, insurance $811. With imputed 10% mgt fee, 5% V&C reserve and $500 repair reserves NOI is $4,666.
820 4th Ct W is 2BR/1BA, 806 sf built 1940. Good tenant at $775 per month. Taxes $756, insurance $698. With imputed 10% mgt fee, 5% V&C reserve and $500 repair reserves NOI is $5,998.
Addl property details available on request. Price is an 11.98% cap rate. Assuming 20% down and 9.5% interest rate on financing amortized over 20 years, monthly payments of $663.68 result in Debt Service Coverage Ratio of 1.34%, which will meet virtually all lenders' requirements.
Location
State AL
County Jefferson
Area (13) Jefferson County
Direction 2356 24th St: Near corner of 24th St and Avenue Y, Ensley, 35208 820 4th Ct W: 2 blocks S of Graymont Avenue, between 8th and 9th St. W
Interior
Interior Features Breakfast Area
Heating Central
Cooling Central Air, 1 Unit
Fireplaces Type None
Fireplace No
Appliance Electric Water Heater
Laundry In Basement
Exterior
Parking Features Concrete, Driveway
Pool None
Water Access Desc Public
Roof Type Composition,Shingle
Street Surface Paved
Building
Entry Level One
Water Public
Architectural Style Other
Level or Stories One
Construction Status Resale
Schools
Elementary Schools Other
Middle Schools Other
High Schools Other
Others
Tax ID 29-00-05-2-008-015.000
Acceptable Financing Cash
Listing Terms Cash
Financing Conventional
Read Less
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Butler Evans Real Estate, Inc.