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11
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4905 HILLMAN DRIVE SW, Birmingham, AL 35221
$76,900 Asking Price
$---/mo Est. Payment Get Prequalified »
2
beds
1
bath
726
sqft
Built in
1950
Investment Property with Immediate Cash Flow and 10%+ Cap Rate! This turnkey property comes with a reliable, long-term tenant on a 100% Section 8 lease, providing stable income from day one. The tenant has occupied the property since 2021, with a current monthly rent of $915. Section 8 pays 100% of rent. Highlights: - Fully renovated in 2021 with no repairs needed. - Extensive upgrades to meet all building codes: new roof, HVAC system and ductwork, upgraded electrical system (panel, breakers, wiring, and lighting), new plumbing, insulation, and drywall. - Exterior improvements include new siding, soffit, windows, privacy fence, and front entry porch. - Interior enhancements include new flooring, kitchen, laundry area, and bathroom. Additional Details: - Tenant-occupied – please do not disturb the tenant. - Showings and inspections available during the buyer’s due diligence period after the purchase contract is signed. - No seller financing available.
Features & Amenities
Interior
- General:
- None
- Rooms:
- Bedroom (ROOM), Full Bath (ROOM), Kitchen (ROOM)
- Kitchen:
- Stove-Electric
- Laundry:
- Room, Washer Hookup
- Flooring:
- Hardwood Laminate
- A/C:
- Central (COOL)
- Heating:
- Central (HEAT)
- Fireplace:
- Fireplaces: 0
Exterior
- General:
- None
- Parking:
- Driveway Parking
Construction
- General:
- Siding-Hardiplank, 1-Story, Crawl Space
Location
- County:
- Jefferson
Lot
- Zoning:
- LOT 5 BL 4 HILLMAN GARDENS, 30-00-25-1-009-037.000
Utilities
- Water:
- Public Water
- Sewer:
- Connected
This listing courtesy of:
Real Equity, Inc., Jonathan Mednick
Monthly Payment
Disabled 10% or more?
Used a VA Loan before?
Eligible for BAH?
Do you have dependents?
Your BAH amount is for the military housing area.
Loan term (number of years)
Property taxes are generally around 1.2% of the home’s value, but may vary based on location.
Annual homeowners insurance is typically 0.35% of the home’s value but can vary based on insurer.
$---
Est. Payment *
- Principal & Interest $--
- Taxes $--
- Insurance $--
- VA Funding Fee $--
$--- Est. Payment - $--- BAH = $--- Remaining
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About Birmingham, AL
Housing
- Number of Units
- 233,469
- Median Home Value
- $268,783
- Median Rent
- $792
42.91% of housing units are renter occupied.
10.98% are vacant.
Commute
- Car
-
74.36%
- Public Transportation
-
1.00%
- Walk to Work
-
1.52%
- Work from Home
-
22.16%
- Other
-
0.75%
The median travel time to work is 20 minutes.
People
- Population
- 496,244
- Median Age
- 38.60
- Median Household Size
- 2.52
Education
- High School
-
20.47%
- Associate’s Degree
-
7.48%
- Bachelor’s Degree
-
26.85%
- Graduate Degree
-
17.97%
Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.
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