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7720 MADRID AVENUE, Birmingham, AL 35206

Birmingham
Local realty services provided by:CENTURY 21 Novus
7720 MADRID AVENUE,Birmingham, AL 35206
$1,350,000
Virtual Tour
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Pending
Listed by: davey lanshaw
Office: bear flag property management
MLS#:21459954
Source:AL_BAMLS

Price summary

  • Price:$1,350,000

About this home

Welcome to 7720/7730 Madrid Ave, 20 light-filled Garden Apartment units. Market rents for these units now $800/door. Tenants have separate meters for electricity and water, owner pays trash and landscaping. Virtually all new HVAC, new water heaters majority, newly refinished parking lot, exterior lighting, new railings for both buildings to code, flooring and paint. Poised for long-term cash flow and appreciation. Less than 10 miles from downtown, East Lake is a desirable part of the city where tenants can be close to work, family, shopping centers, and nature. Quiet buildings occupied by working families. Professional Management in place with established tenant relationships for ease of transition, offering 3 months free rent collection and accounting.

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Home facts

  • Year built:1964
  • Listing ID #:21459954
  • Added:39 day(s) ago
  • Updated:September 01, 2026 at 07:36 AM

Rooms and interior

  • Flooring:Some Hardwood

Heating and cooling

  • Cooling:Central Control
  • Heating:Electric

Structure and exterior

  • Year built:1964
  • Construction Materials:Brick and Frame
  • Foundation Description:Crawl Space

Schools

  • High school:WOODLAWN
  • Middle school:OSSIE WARE MITCHELL
  • Elementary school:BARRETT

Utilities

  • Water:Public Water
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$1,350,000

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