The Grove
Single Family
3
2
2050
Sqft
2001
$225,000
Purchase Price
$1,540
Rent / Mo
70%
Property Leverage
109 Annie Lane, Pleasant Grove, AL 35127
About
The Grove is a lovely three bedroom and two bathroom home. The features include a low maintenance yard, clean home, large garage, ventless fireplace and plenty of rooms with spacious sizes. There is a quiet, screened in porch in the back and privacy fencing in the backyard. There is a huge baster bathroom with a garden style tub. The large kitchen has a bay window dinette area. This is an all brick siding home in a great school system.
Tenant Leasing Process
The time needed to sign the first tenant lease is variable and can depend on several factors including seasonality and whether the property requires any sort of renovation. Historically the average time to lease has been 45 days and has ranged from a minimum of 7 days to over 90 days. For more details on each status, check out the different rental statuses here.
Rented
Rental Status
This property is eligible to start receiving dividends after its first lease is signed.
The Market
Birmingham, AL
Birmingham is a city in the north central region in Alabama. The Birmingham-Hoover MSA has a population of over one million people and is the largest metropolitan area in Alabama. Birmingham ranks high among one of the most important business centers in the southeastern U.S. and is one of the largest banking centers in the country. There are a number of universities and graduate schools in Birmingham and it is also the headquarters of the Southeastern Conference, one of the major U.S. collegiate athletic conferences. Birmingham has recently experienced a rebirth and resources have been dedicated to reconstructing the downtown area increasing the restaurant, retail and cultural options.
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$105,100
Invested
100%
Funded
102
Investors