4727 6th Avenue, Birmingham, AL 35224
- $78,000
- 3
- BD
- 1
- BA
- 1,440
- SqFt
- List Price
- $78,000
- Status
- ACTIVE
- MLS#
- 21450544
- Year Built
- 1925
- Bedrooms
- 3
- Full-baths
- 1
- Region
- Mulga, Wylam
- Subdivision
- Wylam
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.
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Additional Information
- Acres
- 0.13
- Interior
- None
- Floors
- Tile Floor, Vinyl
- Laundry
- Laundry (MLVL)
- Fireplaces
- 1
- Fireplace Desc
- Brick (FIREPL)
- Heating
- Electric (HEAT)
- Cooling
- Electric (COOL)
- Exterior
- None
- Foundation
- Crawl Space
- Construction
- Siding-Vinyl
- Elementary School
- Wylam
- Middle School
- Bush Hills Academy
- High School
- Jackson-Olin
Mortgage Calculator
Courtesy of Jeremy Galloway with EXP Realty LLC