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700 Graymont Ave W

8 Unit Block of Flats £406,855 (£50,857/Unit) 9.72% Net Initial Yield Birmingham, AL 35204

Executive Summary

Outstanding investment opportunity. Fully renovated 8-unit, 2-bedrooms, 1-bath apartment building.

Financial Summary (Actual - 2024) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2024) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual $99,999
Annual Per SF $9.99
Vacancy Loss
Annual $99,999
Annual Per SF $9.99
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Price £406,855
Price Per Unit £50,857
Sale Type Investment
Net Initial Yield 9.72%
No. Units 8
Property Type Residential
Property Subtype Apartment
Building Class C
Lot Size 0.46 AC
Building Size 6,840 SF
Average Occupancy 100%
Number of Floors 2
Year Built/Renovated 1979/2024
Parking Ratio 2.34/1,000 SF
Opportunity Zone Yes

Unit Amenities

  • Air Conditioning
  • Cable Ready
  • Washer/Dryer Hookup
  • Heating
  • Kitchen
  • High Speed Internet Access
  • Oven
  • Range
  • Dining Room
  • Family Room

Site Amenities

  • 24 Hour Access

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
2+1 8 £632.01 855

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
22-00-34-3-019-010.000
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£61,258
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2024

zoning

Zoning Code Multi Family - Apartments (LOTS 19 & 20 BLK 12 R W OWENS ADD TO BHAM)
Multi Family - Apartments (LOTS 19 & 20 BLK 12 R W OWENS ADD TO BHAM)
  • Listing ID: 33661857

  • Date on Market: 28/10/2024

  • Last Updated:

  • Address: 700 Graymont Ave W, Birmingham, AL 35204

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