Attention Investors: Secure a government-backed income stream with this performing Section 8 rental in East Lake. This is a high-stability asset with a lease contract locked in through March 31, 2027.
The Financials:
Price: $114,900
Monthly Rent: $1,000 (Section 8)
Estimated Monthly Cash Flow (All Cash): $621 (after holding costs of ~$379)
Cap Rate: 7%
Tenant Status: $150.00 ledger balance.
Lease Term: Active contract through 03/31/2027.
Property Details:
Address: 208 73rd St N, Birmingham, AL 35206
Layout: 3 Bed / 1 Bath
Size: 1,247 Sq. Ft.
Features: Recently updated, Central electric heat/air, durable metal roof, and fully fenced yard.
Compliance: Property is currently Section 8 approved and meeting all program standards.
This is a high-performing investment property. With the Section 8 rental guarantee and a long-term lease in place, you are buying a proven, low-risk revenue stream. The estimated cash flow assumes all-cash ownership after accounting for monthly holding costs like taxes, insurance, and management. The official owner ledger is available for review during the due diligence period to verify payment reliability.
Showing Instructions:
Property is tenant-occupied. To ensure the tenant's continued cooperation, please DO NOT DISTURB. Showings will be coordinated for serious buyers with proof of funds. 48-hour notice required. All showing communication to be scheduled directly through listing agent or property manager.