Bush Hills 6 Plex

834 4th Terrace W Birmingham, AL 35204

834 4th Terrace W, Birmingham, AL, 35204
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FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$525,000
Last Verified:
Jul 14, 2024

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Highlights

  • - 5 units occupied or pending move in
  • - 3 units rented section 8 for $1032, 2 private pay for $1075.
  • - 1 unit vacant
  • - Projected NOI of $50,451
  • - Complete renovation
  • - Option to add value by converting units to 3/1s or 3/2s later
  • - Tenants pay electric, water, & sewer. Individually metered.
  • - 6,240 SF building with 6 units

Description

Expand your investment portfolio in the Bush Hills neighborhood of Birmingham, Alabama. This recently renovated 6240 sq ft property includes new windows, flooring, doors, upgraded electrical, plumbing, fixtures, washer / dryer hookup, paint, tile work, & masonry along with a 4 year old metal roof. It also can be treated as a value-add investment converting each unit into a 3 bed 1 bath or 3 bed 2 bath to earn higher rent amounts if desired.

Bush Hills Neighborhood. Corner of 4th Terrace W 9th St W.


Year Built: 1955
Building Size: 6240sq ft
Lot Size: 0.32 acres


Documents

Proforma for 6 plex bush hills
Sale Flyer

Map of 834 4th Terrace W, Birmingham, AL, 35204

Presented by:
eXp Commercial | Alabama

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Jared Sluss


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