4727 6th Ave, Birmingham, AL 35224
- $78,000
- 3
- BD
- 1
- BA
- 1,440
- SqFt
- List Price
- $78,000
- Status
- ACTIVE
- MLS#
- 21450544
- Subtype
- Residential
- Year Built
- 1925
- Bedrooms
- 3
- Bathrooms
- 1
- Full Baths
- 1
- Living Area
- 1,440
- Lot Size
- 5,662
- Acres
- 0.13
- Subdivision
- Wylam
- MLS Area Major
- 292
Property Description
3BR/1BA rental with an active Section 8 HAP contract in place. Current gross rent $825/mo ($750 HAP + $75 resident contribution) with lease expiring August 2026. The tenant intends to renew for the August 18, 2026 - August 17, 2027 term, and is currently pending their signature. For this renewal, we will need to send the lease out at the current rate of $825.00 and then resubmit the Section 8/HAP rent increase request for $858.00 in August. Once approved, the new amount will be processed via a lease addendum, with the updated rent taking effect on November 1st. Property features original hardwood floors throughout the living areas, an updated bathroom with tile flooring and a modern vanity, and a functional electric HVAC system. Laundry hookups in the kitchen. Occupied and cash flowing day one. Ideal for the buy-and-hold investor seeking immediate Section 8 income with upside at lease renewal or market-rate conversion. Priced for the investor, not the retail buyer.
Additional Information
- Flooring
- Tile, Vinyl
- Heating
- Electric
- Air Conditioning
- Electric
- Levels
- One
- Parking Features
- On Street
- Elementary School
- Wylam
- Middle School
- Bush Hills Academy
- High School
- Jackson-Olin
Listing courtesy of EXP Realty LLC.