7720 Madrid Ave, Birmingham, AL 35206

Here is an amazing opportunity to purchase this multifamily property in a growing submarket of Birmingham, South East Lake, right near Ruffner Mountain. There are two identical buildings with ten units each, totaling an asset of 20-units. All units have 2 Bedrooms, 1 Bath. Nearly all of the units have been renovated, with updated kitchens and bathrooms. New vinyl floors throughout and fresh interior paint. Units are large and spacious with an open floor plan, which make leasing very simple. They all have large windows that let in tons of natural light. It's also close to shopping, restaurants, and major highways so easy access to all that Birmingham has to offer. The newer leases are being signed by $695, which still leaves room for growth. All units, except for 1 is already rented. If you're looking for a deal that cashflow from day 1, that still has the upside value add potential, this is the one! It's everything you're looking for and will make a great addition to any portfolio.