1641 3rd Pl NW

Birmingham, AL 35215
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3 bd, 1.5 ba | 1,748 sqft | Built in 1958

For Sale

Exclusive

List Price
$110,000

$5K

Initial Investment

$29,975

$

about the purchase process.
Features

Occupancy

Occupied

Lease Start

10/01/2018

Lease End

09/30/2022

Lot Size

12,090

HOA

None

Flood Risk

Not Required

  • Tenant is section 8
  • Get more insight into this market here
  • Large house/sqft with fenced back yard
  • Attractive street and neighboring houses
  • Fully repainted outside and inside in September 2018
  • New roof installed in September 2014
  • Tenant in the house for 3 years, with current lease till 9/30/2022
  • House managed by accredited DECAS since 2014
  • House rent has market potential for being significantly higher
  • Invoice of new roof installed in Sep. 2014
  • Kitchen leak plumbing repair invoice included
  • Kitchen flooring repair invoice included
  • Being sold as-is
See more in Analysis

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Annual Financial Highlights

Expected Rent

$10,545

Expenses

-$2,692

Property taxes

-$1,100

Loan Payments

-$4,726

Net Cash Flow

$2,027

See more in Financials

Property Characteristics

Roofstock Exclusive

Listed directly by the seller, Exclusive properties are only available through Roofstock.
  • These properties' Diligence Documents include one or more of these documents: inspection report, title search, rent history if occupied.
  • If the home is non-certified and the posted inspection is more than 4 months old, an inspection contingency will apply.
  • The seller will be represented by a Roofstock-affiliated broker and Roofstock will walk the buyer through the transaction.

Property Management

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From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.

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