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136 59th Street North
Birmingham, AL 35212
Asking Price
$1.61M
Cap Rate
11.97%
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
23 units - 3 buildings - Portfolio Sale <p>3 buildings (One 10-unit, one 9 unit and one quadruplex)</p><p>23-units total - currently 2 vacancies</p><p>22 units are 2 bed 1 bath & 1 unit is 3 bed / 2 bath</p><p></p><p>Seller will consider Seller Financing - 25% down and 10% interest (non-negotiable)</p><p>Roofs were replaced in 2020, flooring updated and washer/dryer connections added to all units. Central HVAC - however owner switching to window units as needed as the older type of central HVAC is no longer available to purchase. All
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NOI
$80,000
Cap Rate
4.97%
DSCR
0.84
Underwater
Cash-on-Cash
-3.23%
Monthly Payment
$7,965.402
Annual Cash Flow
$-15,584.819
