35
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$485,900
Est. payment /mo
3 BD
2 BA
Price Dropped by $3K
3500 12TH AVENUE N Birmingham, AL 35234
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UPDATED:
09/30/2024 03:33 PM
Key Details
Property Type Multi-Family, Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision Norwood
MLS Listing ID 21391447
Bedrooms 3
Full Baths 2
Year Built 1955
Property Description
Discover a prime investment opportunity with this renovated multifamily 7-unit complex in Birmingham, perfectly situated to offer quick access to all major attractions and amenities. This apartment complex features six units with 1 bedroom and 1 bathroom each, and one spacious unit with 2 bedrooms and 1 bathroom. Over the past six months, the property has grossed over $76K, averaging $12K per month, leveraging popular rental platforms such as Airbnb, Booking.com, and HomeAway. Each unit comfortably accommodates at least 4 guests, allowing the entire complex to host up to 32 guests simultaneously, making it an ideal choice for large groups. Recently renovated to meet modern standards, the units are fully furnished and equipped with all essential amenities to ensure a comfortable and enjoyable stay. With its high occupancy rates and proven rental income, this multifamily complex represents a compelling investment with ease of management and significant revenue opportunities.
Location
State AL
County Jefferson
Area Inglenook, North Bham, Norwood, Tarrant
Interior
Heating Electric (HEAT)
Cooling Electric (COOL)
Flooring Vinyl, Wall-to-Wall Carpet
Exterior
Parking Features On Street Parking, Other
Building
Foundation Crawl Space
Sewer Connected
Water Public Water
Schools
Elementary Schools North Birmingham
Middle Schools Hayes
High Schools Carver, G W
Others
Financing Cash,Conventional
Listed by eXp Realty, LLC Central
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