440 86th Street South

Birmingham, AL 35206

$113,500
Last Sold Price
3
Beds
951 Sq. Ft.
$119 / Sq. Ft.
951
Sq. Ft.
$119
per Sq. Ft.
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Sold 5/31/24
Sold 5/31/24

Description

Nestled in the heart of South East Lake, this charming bungalow has been tastefully remodeled just minutes away from downtown. Property is being used as a short term rental and it is a cash cow. Gross revenue from 5/1/2023 - 5/1/2024 is $27,410.55 (Airbnb is $12,806.72 and VRBO is $14,603.83). Monthly gross avg is $2,284.21 for this period. Full financials will be provided if you would like to keep it as a short term rental. Property was renovated in 2023 and currently fully stabilized with zero...Nestled in the heart of South East Lake, this charming bungalow has been tastefully remodeled just minutes away from downtown. Property is being used as a short term rental and it is a cash cow. Gross revenue from 5/1/2023 - 5/1/2024 is $27,410.55 (Airbnb is $12,806.72 and VRBO is $14,603.83). Monthly gross avg is $2,284.21 for this period. Full financials will be provided if you would like to keep it as a short term rental. Property was renovated in 2023 and currently fully stabilized with zero maintenance. Perfect for an investor seeking an STR with strong cash flow.
  1. Listed by Jonathan Mednick • Brokerage DRE #000101101 • Real Equity, Inc.
    P: (205)-607-0099 C: (205)-924-5045 jonathan@realequityrealty.com

Property Details for 440 86th Street South

Architectural Style
1-Story
Subdivision Name
EASTWOOD PARK
Has Waterfront
No
LISTING CLOSED: 05/31/2024 12:00 AM

Property Details for 440 86th Street South

StatusSold
MLS #21381267
Days on Market37
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built1946
Lot Size0.17 AC / 7,405 SF
CountyJefferson County
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Location

Listing Courtesy of Real Equity, Inc.

Sold By Birmingham Non-Member Office

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Building Information for 440 86th Street South

Stories-Year Built1946Building Size-Lot Size0.17 AC / 7,405 SF

Payment Calculator

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$566 per month

30 year fixed, 6.36% Interest

Principal and Interest

$566

Property Taxes

$0

HOA Dues

$0

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Property Information for 440 86th Street South

Summary
Location and General Information
  • Directions: 1ST AVE N, RIGHT ON 83RD STREET NORTH, LEFT ON 4TH AVE SOUTH, RIGHT ON 86TH SREET SOUTH.
  • Latitude: 33.572009
  • Longitude: -86.712472
  • MLS Area Major: East Lake, Woodlawn
  • Senior Community: No
Taxes and HOA
  • Parcel Number: 23-00-11-1-020-006.000
School Information
  • Elementary School: ROBINSON
  • High School: WOODLAWN
  • Middle Or Junior School: OSSIE WARE MITCHELL
Parking
  • Parking Features: On Street
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Property
Lot Information
  • Lot Size Acres: 0.17
Property and Assessments
  • Living Area: 951.0
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Year Built: 1946
Building Features
  • Construction Materials: Vinyl Siding
Farm Information
  • Horse: No
Utilities
  • Utilities: Sewer Connected
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Fencing: Fenced
  • Patio And Porch Features: Patio
  • Private Pool: No
Interior Features
  • Appliances: Dishwasher, Electric Cooktop, Refrigerator, Electric Water Heater, Dryer, Stainless Steel Appliance(s)
  • Basement: Crawl Space
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 3
  • Cooling: Central Air
  • Has Cooling: Yes
  • Fireplace Features: Living Room, Stone, Gas
  • Total Fireplaces: 1
  • Has Fireplace: Yes
  • Flooring: Hardwood
  • Heating: Central
  • Has Heating: Yes
  • Interior Features: Laminate Counters, Master Downstairs
  • Laundry Features: Main Level, Laundry Room, Electric Dryer Hookup, Washer Hookup
  • Water Heater: Electric

Property History for 440 86th Street South

DateEvent & SourcePriceAppreciation
May 31, 2024

Sold

Greater Alabama MLS #21381267

$113,500—
May 22, 2024

Contract Signed

Greater Alabama MLS #21381267

—
May 15, 2024

Contract Out

Greater Alabama MLS #21381267

—
DateEvent & SourcePrice
05/31/2024

Sold

Greater Alabama MLS #21381267

$113,500
05/22/2024

Contract Signed

Greater Alabama MLS #21381267

—
05/15/2024

Contract Out

Greater Alabama MLS #21381267

—

For completeness, we often displays two records for one sale: the MLS record and the public record.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Real Equity, Inc.

The data relating to real estate for sale on this site comes in part from the Broker Reciprocity/IDX program of the Birmingham Alabama Association of REALTORS®. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. The Birmingham Alabama Association of REALTORS® does not create, control or review the property data displayed herein and take no responsibility for the content of such records.