304 2ND TERRACE, BIRMINGHAM, AL 35204

Attention investors looking for VALUE ADD!! Amazing OPPORTUNITY ZONE property with (10) 2 bed/1bath. This is a 2 story property with 10 units and 6960 Sq.ft. The property requires a full renovation. All units are 2 bed/1bath and there are no previous rent rolls. Second building burned down, so footprint could be rebuilt for another (10) 2/1 units. The building in the photo are the 10 units needing renovation. There is another building to the right that was in the process of renovations when it burnt to the ground. Current owner guesses with another $5000 in framing, the building in the photos would be ready to start roughing in electrical and plumbing. We do not have a quote in writing, but renovation of each unit came in at an estimate of $51,000 per door. This would include rebuilding the front stairs and the back stairs and all of the exterior work included in that number.