7720 MADRID AVENUE, Birmingham, AL 35206
7720 MADRID AVENUE, Birmingham, AL 35206
7720 MADRID AVENUE, Birmingham, AL 35206
7720 MADRID AVENUE, Birmingham, AL 35206
7720 MADRID AVENUE, Birmingham, AL 35206
7720 MADRID AVENUE, Birmingham, AL 35206
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Angelica Thomas

Angelica Thomas

+1(205) 922-9442
$ 1,350,000
Est. payment | /mo

2 Beds

1 Bath

Save Virtual Tour
$ 1,350,000
Est. payment | /mo
Save Virtual Tour

2 Beds

1 Bath

Key Details

Property Type Multi-Family

Sub Type Apartment

Listing Status Pending

Purchase Type For Sale

Subdivision East Lake

MLS Listing ID 21459954

Bedrooms 2

Full Baths 1

Year Built 1964

Property Sub-Type Apartment

Property Description

Welcome to 7720/7730 Madrid Ave, 20 light-filled Garden Apartment units. Market rents for these units now $800/door. Tenants have separate meters for electricity and water, owner pays trash and landscaping. Virtually all new HVAC, new water heaters majority, newly refinished parking lot, exterior lighting, new railings for both buildings to code, flooring and paint. Poised for long-term cash flow and appreciation. Less than 10 miles from downtown, East Lake is a desirable part of the city where tenants can be close to work, family, shopping centers, and nature. Quiet buildings occupied by working families. Professional Management in place with established tenant relationships for ease of transition, offering 3 months free rent collection and accounting.

Location

State AL

County Jefferson

Area Eastlake, Woodlawn

Interior

Heating Electric (HEAT)

Cooling Central Control (COOL)

Flooring Some Hardwood

Exterior

Parking Features 2 Spaces per Unit

Building

Foundation Crawl Space

Sewer Connected

Water Public Water

Schools

Elementary Schools Barrett

Middle Schools Ossie Ware Mitchell

High Schools Woodlawn

Others

Financing Cash,Conventional

Virtual Tour https://www.propertypanorama.com/instaview/bham/21459954

Listed by Bear Flag Property Management

Nearby Locations

Angelica Thomas

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(205) 922-9442

arthomas@kw.com

3595 Grandview Pkwy, Birmingham, AL 35243, USA

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7720 MADRID AVENUE