Lipscomb, AL 35020 5609 14Th Street S

  • MLS# 1289538
  • 06/21/2021
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Presented By: LAH - Crestline Branch
  • Beds • 3
  • Baths • 1
  • SQFT • 1,084
  • Garage • 1
  • Year Built • 1960

Home Details

This home is apart of a Rental Portfolio to be sold with 19 other properties. Not only is the CAP rate outstanding but this portfolio is designed for efficiency! Many of the locations are only 1-2 minute drives from each other, with the furthest between two homes being no more than 10 minutes... 7 of the doors are even all on one street!!! This portfolio is 88% occupied but all units are move-in ready. The sellers decided to leave the last 3 units open, so the new buyer could decide what direction they wanted to take the portfolio. It should be noted that 75% of these homes are within a 5 minute drive of the site for the 2022 WORLD GAMES. Millions of dollars are being invested into restaurants, hotels and infrastructure in anticipation of the games. *Properties will not be sold individually. Asking Price for all 20 properties: $1,500,000 Monthly Rent: $16,186.00 ($8,394 Guaranteed via Section 8) Annual Rent: $201,792.00
Presented By: LAH - Crestline Branch

Interior Features for 5609 14Th Street S

Other Interior Features

SubdivisionGORDON HEIGHTS

General for 5609 14Th Street S

BasementPartial Basement
Bathrooms1
Beds3
ClassRESIDENTIAL
CoolingCentral (COOL)
Elementary SchoolLIPSCOMB
FinancingCash
Fireplaces0
Full Baths1
Garage1
Half Baths0
HeatingCentral (HEAT)
High SchoolMCADORY
Interior FeaturesNone
Laundry Y/NYes
Levels1-Story
Listing AreaBessemer, Hueytown, Pleasant Gro
Middle SchoolMCADORY
Sale/RentFor Sale
StatusActive
StatusActive
TypeSingle Family
WaterPublic Water
Water HeaterElectric (WTRHTR)
WaterfrontNo
Year Built1960

Exterior for 5609 14Th Street S

Car Port0
ExteriorSiding-Other
Exterior FeaturesNone
FoundationBasement
Patio?No
Pool?No

Additional Details

Price History

Schools

High School Mcadory High School
Middle School Mcadory Middle School
Elementary School Lipscomb Elementary School

Chad Beasley

Realtor
Price $62,300
MLS#1289538
List Date 06/21/2021
Property Type Single Family
Phone 205.401.2423
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