Investment Opportunity: 12-Unit Apartment Complex Near New Star Development & Amphitheater** 12 Units 10 x 2 Bed/1 Bath, 2 x 1 Bed/1 Bath Located just one block away from the exciting new Star Development and the brand-new amphitheater in North Birmingham, this 12-unit apartment complex offers a prime investment opportunity in a rapidly growing area. The property features 10 two-bedroom, one-bath units and 2 one-bedroom, one-bath units, all with upgraded interiors. Recent improvements include new plumbing, electrical systems, water heaters, LVP flooring, and renovated kitchens and bathrooms. Exterior upgrades include a metal roof (replaced around 15 years ago), new exterior stairs, and electrical wiring in place for a mini-split HVAC system.With the vibrant development just steps away, this location is primed for rental growth and long-term value appreciation, making it ideal for investors looking for both immediate rental income and future gains.
Don't miss out!! Under rented Apartment Building in North Birmingham. This area will be sure to appreciate very nicely with the $250mil+ the city is planning to put into the area. Start your investing journey with a property that will be sure to appreciate greatly in rents and value over the next 5-10 years. New Roof, all units have been renovated to market condition. Most units have been brought up to market rents but some are still below. Average rent per unit is $609, compared to the market of $750/per unit. One unit is vacant and the rest are occupied and paying on time. Large parking lot with plenty of space for all tenants who have a vehicle. Gross Rent per month: $9,645 Roof replaced 2023, all units that have new tenants have had a complete remodle. Lots of deferred mainteance taken care of by the current owner.
Looking to add to your rental portfolio or future Airbnb income? This property has many opportunities! Seize the opportunity to own this move-in ready 6-unit building, situated right across from Birmingham's new Live Nation amphitheater, blocks to Uptown and Top Golf, minutes to Downtown, UAB, shopping and restaurants. This 6 unit apartment building features open living and dining space, modern kitchens and two bedrooms with a full bathroom. Each of the six units has been fully renovated, featuring fresh flooring, paint, fixtures, appliances, and new central HVAC systems. The exterior boasts new paint, fixtures, low maintenance metal roof and parking on site. The property is currently managed with rental applications being received. Feel free to call for more details or questions!
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.
NEWLY RENOVATED 18 UNIT BUILDING - Located in the Fountain Heights Area, less than 3 minutes off I-65. Units offer 2 bedrooms and 1 full bath. Includes eat in kitchen, dining room/living room combo and Washer/Dryer connections. Conveniently located near interstates, Uptown District, shopping areas. 15 of the 18 units have been fully renovated. Three are gutted ready for new finishes. After repair rental rate $800/mo per unit. Property will continue to lease up while listed.
Beautifully remodeled 10 unit building with new classic metal roof with synthetic underlayment and classic trim. Within walking distance from the new upcoming amphitheater and very near to Uptown, Top Golf, Protective, Legacy, etc. 4 units complete and the other 6 finishing up soon. All units consist of hardwoods, butcher block counters, new cabinets, tiled tub/showers, interior doors, lighting and plumbing fixtures, paint, new hvac, electrical, plumbing. Double closets in the 1st bedrooms, new vanities, porch/balcony railings, new asphalt parking. W/D hookups in all units.
The median home value in Birmingham, AL is $101,300. 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 $101,300. Approximately 36.47% of Birmingham homes are owned, compared to 43.12% rented, while 20.41% 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 35234 has a population of 202,234. Birmingham 35234 is less family-centric than the surrounding county with 13.49% 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 35234 is $39,403. 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 35234 is 36.2 years.
The average high temperature in July is 90.4 degrees, with an average low temperature in January of 32.3 degrees. The average rainfall is approximately 55.7 inches per year, with 1.3 inches of snow per year.