Skip To Content

1805 Polly Reed Court

Center Point, AL 35215
  • $1,320,000
  • STATUS: Active Under Contract
  • ON SITE: 13 Days
  • MLS #: 1329377
Under Contract
UPDATED: 37 min ago
$1,320,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1969
County:

School Information

Elementary School:
Middle School:
High School:
Greater Alabama MLS (Birmingham Association of Realtors) logo Listing provided courtesy of Keller Williams Realty Vestavia.
© 2022 Greater Alabama MLS.



Description

Great opportunity to purchase this multifamily property, 24-units currently in the last phase of renovation! With new plumbing and electrical and fixtures as needed. Updates to Kitchens & bathrooms. New Vinyl floors in main living and new carpet in bedrooms. All interior and all exterior paint. Units are large and spacious. Tons of natural light. All units come with new refrigerator and new stove. Structure behind the 1805 building has electricity and water for a laundry room. It has not been set up, as of yet. This room could possibly hold 3 to 4 coin-operated washers and dryers for another revenue stream! 6 units are 1br/1b and 18 units are 2br/1b. New rents at $695 and $795. Currently being leased up. With one new paved parking lot, tons of green space and plenty of parking. Convenient to shopping and businesses. Proforma cap of 9.8% estimate. Reach out for P&L and further information. Income and expenses projected.

Monthly Payment Calculator



Greater Alabama MLS (Birmingham Association of Realtors) logo © 2022 Greater Alabama MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX content is not guaranteed accurate by the MLS or Kellie Drozdowicz Group | Keller Williams Homewood. Data last updated: 2022-08-12T07:30:43.657.

www.kelliedgroup.com/homes/131386723
Print Image

1805 Polly Reed Court Center Point, AL 35215

  • Price: $1,320,000
  • Status: Active Under Contract
  • On Site: 13 Days
  • Updated: 37 min ago
  • MLS #: 1329377
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1969
Built
Neighborhood:
Center Point
County:
Jefferson
Area:
Centerpt, Grayson Valley, Huffman, Roebuck
Elementary School:
Center Point
Middle School:
Erwin
High School:
Center Point
Property Description
Great opportunity to purchase this multifamily property, 24-units currently in the last phase of renovation! With new plumbing and electrical and fixtures as needed. Updates to Kitchens & bathrooms. New Vinyl floors in main living and new carpet in bedrooms. All interior and all exterior paint. Units are large and spacious. Tons of natural light. All units come with new refrigerator and new stove. Structure behind the 1805 building has electricity and water for a laundry room. It has not been set up, as of yet. This room could possibly hold 3 to 4 coin-operated washers and dryers for another revenue stream! 6 units are 1br/1b and 18 units are 2br/1b. New rents at $695 and $795. Currently being leased up. With one new paved parking lot, tons of green space and plenty of parking. Convenient to shopping and businesses. Proforma cap of 9.8% estimate. Reach out for P&L and further information. Income and expenses projected.
Exterior Features

Multifamily Property Type Apartment

Interior Features

Cooling Central W/Ind Ctrl(Cool) Floors Vinyl Foundation Crawl Space Heating Central W/Ind Ctrl(Heat) Type One Bedrooms 1 Type One Full Baths 1 Type One Furnished ASN None Type One Half Baths 0 Type Two Bedrooms 2 Type Two Full Baths 1 Type Two Furnished ASN None Type Two Half Baths 0

Property Features

Construction Brick Expenses 8619 Financing CashConventional Miscellaneous Security System Sales Type N/A Sewer Septic Connected Tenant Pays Electric (Tenant)Hot Water (Tenant) Type One Features DenEating Area-KitchenRefrigeratorSep LivingStove Type One Units 6 Type Three Units 0 Type Two Features DenEating Area-KitchenKitchenetteRefigeratorSep LivingStove Type Two Units 18 Water Public Water Water Heater Electric (Wtrhtr) Year Built Desc Existing

Listing provided by Keller Williams Realty Vestavia: 205-397-6500.


Greater Alabama MLS (Birmingham Association of Realtors) logo © 2022 Greater Alabama MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX content is not guaranteed accurate by the MLS or Kellie Drozdowicz Group | Keller Williams Homewood. Data last updated: 2022-08-12T07:30:43.657.

 
https://bt-photos.global.ssl.fastly.net/birmingham/1280_boomver_1_1329377-2.jpg https://bt-photos.global.ssl.fastly.net/birmingham/1280_boomver_1_1329377-2.jpg https://bt-photos.global.ssl.fastly.net/birmingham/1280_boomver_1_1329377-2.jpg
Logo
Kellie Drozdowicz Group | Keller Williams Homewood
3040 Independence Drive
Homewood AL, 35209
Greater Alabama MLS (Birmingham Association of Realtors) logo Listing provided courtesy of Keller Williams Realty Vestavia.
© 2022 Greater Alabama MLS.