DEAL ALERT: 8-Unit Stabilized Cash Flow + Section 8 Upside (Birmingham, AL)
We’re under contract on a fully occupied (8/8) 8-unit in Birmingham, AL (ZIP 35224)with immediate in-place income and value-add upside. Key terms: - Purchase: $580,000 - Financing: Seller financing @ 6% fixed | 24 months IO → 30-year amortization | 7-year balloon - Value-add: move rents from ~$850/unit toward ~$975–$997/unit via Section 8 optimization over 12–24 months (subject to rent reasonableness + inspection approval) - Hold: 5–7 years (target refi around Year 5) Capital needed: - $108,600 (down payment + closing/reserves) - Minimum: $40,000 - JV with monthly distributions (as available) + quarterly financials If you want access to the deal room + underwriting, DM me.