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

[Rob Drum]

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

[Rob Drum]

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