17 % ROI Triplex in Birmingham

Thomason Avenue 
Birmingham Alabama 35217. 
3 units of 2 bedroom/ 2 baths. 
Yearly rent: $26,100
Yearly taxes: $300
Yearly insurance: $800 
Yearly PM: $2610
Cash flow: $22,390
Reduced Price to sell: $135,500
Zillow Price: $174,000
ROI: 17%. 

Scope of work:

All brick exterior, undergoing a major rehab right now !!!
New metal roof, new electrical upgrade to 200 amp service, new HVAC systems, new plumbing to include water heaters, sinks, faucets, toilets, vanities, traps and valves,new steel doors, new tile flooring in baths and kitchens, new tile tub surrounds to ceiling, new hardwoods, new paint inside and out, new fencing to divide units, new parking, new smoke detectors, new matching locks, new door hardware, new cabinets, countertops, and pulls. Appliances included…Way too many new items to list here…