Contact Alex Kyriazis for all information 251--591-9390 -LAH Commercial Real Estate is pleased to present this 20 unit value add Multifamily property located in Birmingham, AL just 13 minutes from the CBD. -All units are 1 Bedroom 1 Bathroom, with W/D connections; 18 of the 20 have been rehabbed, with 2 units being down vacant but in need of minimal repair. -16 of the 20 units are currently rented and rents are under market, thus providing instant cash flow opportunity for a prospective investor. -Property is located on +/- 2.18 AC of land with one empty lot where an additional 4 unit building used to be located, so the prospect of expansion is available. -High demand for additional renters in the area. -Call Alex Kyriazis 251-591-9390 for more details.
The median home value in Birmingham, AL is $86,200. This is lower than the county median home value of $204,200. The national median home value is $338,100. The average price of homes sold in Birmingham, AL is $86,200. Approximately 51.76% of Birmingham homes are owned, compared to 33.22% rented, while 15.02% are vacant. Birmingham real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Birmingham real estate agent to arrange a tour today!
Birmingham, Alabama 35228 has a population of 5,219. Birmingham 35228 is more family-centric than the surrounding county with 27.89% of the households containing married families with children. The county average for households married with children is 27.03%.
The median household income in Birmingham, Alabama 35228 is $46,929. The median household income for the surrounding county is $58,330 compared to the national median of $69,021. The median age of people living in Birmingham 35228 is 39 years.
The average high temperature in July is 90.8 degrees, with an average low temperature in January of 32.8 degrees. The average rainfall is approximately 57 inches per year, with 1.2 inches of snow per year.