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Sold on 08/30/2024
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2356 24th St W, Birmingham, AL 35208

  • $75,705

    Last sold 08/30/2024 for $84K

  • 2

    bed

  • 1

    bath

  • 992

    Sqft ($85/Sqft)

House not for sale
15 homes bought nearby with Movoto recently

About 2356 24th St W

Property type House
Neighborhood
Year built 1930
HOA fee $0/month
Lot size 4,356 Sqft
Movoto estimate
Rental estimate $1,029/Month
Property description
Two rental house portfolio sold for one price. 2356 24th St W is 2BR/1BA 992 sf built 1930. Good tenant at $675 per month. Taxes $948, insurance $811. With imputed 10% mgt fee, 5% V&C reserve and $500 repair reserves NOI is $4,666. 820 4th Ct W is 2BR/1BA, 806 sf built 1940. Good tenant at $775 per month. Taxes $756, insurance $698. With imputed 10% mgt fee, 5% V&C reserve and $500 repair reserves NOI is $5,998. Addl property details available on request. Price is an 11.98% cap rate. Assuming 20% down and 9.5% interest rate on financing amortized over 20 years, monthly payments of $663.68 result in Debt Service Coverage Ratio of 1.34%, which will meet virtually all lenders' requirements.
Listed by
Listing Agent - Denise Evans
Listing Agent Contact: (205) 310-3799
Listing Office - Butler Evans Real Estate, Inc.
Source: West Alabama Multiple Listing Service mls logo
MLS#163519 • last updated 1 year ago
Movoto checked West Alabama Multiple Listing Service for data 36 minutes ago
Overview
Cooling/AC CentralAir, Item1Unit
Heating Central
Levels/Style One, Other, 1
MLS # 163519
SqFt 992
SubType Single Family Residence
Status Closed
Lot Size (Acres) 0.1
Property Tax 948
Year Built 1930
Property Condition Resale
Interior
Total # of Bathrooms 1
# of Full Baths 1
Total # of Bedrooms 2
Laundry In Basement
Appliances Electric Water Heater
Interior Features Breakfast Area
Fireplace None
Exterior
Roof Composition, Shingle
Construction Brick
Parking Concrete, Driveway
Amenities / Utilities
Water Source Public
Pool None
Location
Area (13) Jefferson County
Elementary School Other
Middle School Other
High School Other
APN 29-00-05-2-008-015.000
Lot/ Land Details
Road Surface Paved

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Nearby homes for sale in Birmingham, AL

  • Real Estate
  • AL
  • Jefferson County
  • Birmingham
  • 35208
  • Ensley Highlands
  • 2356 24th St W
$75.7K
Range: $68.1K-$83.2K
Last 30 days 
Rental est.: $1,029/month
Gross rent multiplier: 7.2 - Good

Nearby recently sold homes in Birmingham, AL

  • Aug 2024
    MLS # 163519
  • Aug 13, 2024 Pending
    —
  • Jul 3, 2024 Listed
    $89,000
  • 2356 24th St W
    $84K
  • Ensley Highlands
    $89.9K -10% y/y
  • 35208
    $100K -16% y/y
  • Birmingham
    $210K +10% y/y
No chart available
Statistics calculated by Movoto
3/10
Minor Elementary School
public Grades PK, K-5
Birmingham City School District
3/10
Bush Hills Academy
public Grades 6-8
Birmingham City School District
1/10
Jackson-Olin High School
public Grades 8-12
Birmingham City School District
Source: GreatSchools.org © 2026. All rights reserved.
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