Well Maintained 5 House Portfolio Fully Rented! In Birmingham, AL

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Well Maintained 5 House Portfolio Fully Rented! In Birmingham, AL

Real Estate Broker · Bradenton, FL · Member since 2017 · 544 posts · 363 votes

Real estate markets in New York, California, and Washington, DC have had a huge run up. Have you thought about transitioning your portfolio to a better cash-flow market?

Perhaps you live in San Francisco or Los Angles and you've been priced out of investing locally?

Here's an opportunity to buy a 5 house income portfolio in the cash-flow powerhouse of Birmingham, Alabama. 

Price: $225,000

Gross Annual Rents: $42,720

Cap rate: 9.97%

Cash on cash return: 22.59%

4 units are paid by section 8 HAP contracts, 1 is open market rent. All have long term tenants (5 years plus on average.)

Addresses included in packet below....

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Looking for deeply discounted properties in Birmingham? CLICK HERE

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Want to see turnkey performing rental properties in Birmingham? CLICK HERE

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Looking for private lending opportunities in Birmingham? CLICK HERE

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Investor · MALIBU, CA · Member since 2017 · 7 posts · 1 vote
8y

If still available, I'm interested.  Please email more info and pics to [email protected].  Actually just need pics.

Mike

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  • Specialist · Dallas, TX · Member since 2017 · 368 posts · 102 votes
    8y

    @Rob Drum, 

    Have these properties been rehabbed? If not, what are the list of fixes?

  • Real Estate Broker · Bradenton, FL · Member since 2017 · 544 posts · 363 votes
    8y

    They've done small things like new carpet, paint, etc. On the whole they are in good condition, but could require a small rehab of 3k-5k if a tenant moves out. 

    Since they are all currently rented there are no major fixes to be made. The owner has done a good job of addressing issues as they occurred.

    @solomon floyd

  • San Antonio TX via Roseville, CA · Member since 2018 · 64 posts · 35 votes
    8y

    @Rob Drum is this still available?

  • Tim NicholasPro Member
    Rental Property Investor · Lake Charles, LA · Member since 2017 · 49 posts · 38 votes
    8y

    Hey Rob, I am interested in these properties if they are still available. Can You PM me with pics and details.

    Thank you

    Tim 

  • Attorney · Dubai, Dubai · Member since 2013 · 40 posts · 2 votes
    8y

    Hi Rob,

    I am interested in this lot. Could you please share details at [email protected] to take it further?

    Thanks!

  • Birmingham, AL · Member since 2017 · 22 posts · 8 votes
    8y

    Hey @Rob Drum is this still available? If so, please PM details.

  • Real Estate Broker · Bradenton, FL · Member since 2017 · 544 posts · 363 votes
    8y

    @Account Closed

    Thanks for your interest. The price for this Birmingham package has just been lowered to 200k.

    I'll be re-running the numbers and re-posting later this week. 

  • Rental Property Investor · Seattle, WA · Member since 2018 · 230 posts · 77 votes
    8y

    can you email the details to [email protected]

  • Investor · MALIBU, CA · Member since 2017 · 7 posts · 1 vote
    8y

    If still available, I'm interested.  Please email more info and pics to [email protected].  Actually just need pics.

    Mike

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