For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $260,000
Property Type Multi-Family
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Subdivision North Birmingham
MLS Listing ID 21363820
Sold Date 09/29/23
Bedrooms 4
Full Baths 2
Year Built 1967
Property Description
Introducing an exceptional investment prospect that combines both cash flow and potential for increased returns. This well-maintained 5-unit apartment complex is strategically located in a growing neighborhood known for its convenience and amenities. Close to downtown developments like Uptown, BJCC, Top Golf, and Protective Stadium, this unit is right in the path of progress in the downtown Birmingham area. With its current solid rental income and the possibility to raise rents, this property presents a rare chance for savvy investors to capitalize on the thriving real estate market. One of the most attractive features of this investment is the potential to increase rental income. The current rents are positioned below market rates, providing you with the opportunity to capitalize on the strong rental demand in the area and boost your cash flow. Seize this rare opportunity to acquire a 5-unit apartment complex that not only generates steady income but also offers untapped potential.
Location
State AL
County Jefferson
Area Downtown Birmingham, Southside
Interior
Heating Central w/Ind Ctrl(HEAT)
Cooling Central w/Ind Ctrl(COOL)
Flooring Laminate, Tile, Vinyl
Exterior
Garage 1 Space per Unit
Building
Foundation Slab
Sewer Connected
Water Public Water
Schools
Elementary Schools Lewis
Middle Schools Wilkerson
High Schools Carver, G W
Others
Financing Cash,Conventional
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Bham Realty, LLC