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Sold for $260,000 on 09/29/23
  • $260,000

    1616 18th Pl N, Birmingham, AL 35234

    4beds
    1,248sqft
    Apartment
    Built in 1967
    -- sqft lot
    $236,000 Zestimate®
    $208/sqft
    $1,026 Estimated rent

    What's special

    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.

    Zillow last checked: 7 hours ago

    Listing updated: October 03, 2023 at 09:08am

    Listed by:

    Todd Helzer 205-616-5024,

    eXp Realty, LLC Central

    Bought with:

    Ben Hedden

    Bham Realty, LLC

    Source: GALMLS,MLS#: 21363820MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Central w/Ind Ctrl(HEAT)
    Cooling
    • Central w/Ind Ctrl(COOL)
    Appliances
    • Included: Electric Water Heater
    Features
    • Kitchenette
    • Flooring: Laminate, Tile, Vinyl
    Interior area
    • Total interior livable area: 1,248 sqft

    Property

    Parking
    • Parking features: 1 Space per Unit
    Details
    • Parcel number: 2200261013008.000
    • Special conditions: N/A

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Apartment
    Materials
    • Brick
    • Foundation: Slab
    Condition
    • Year built: 1967

    Utilities & green energy

    • Water: Public
    • Utilities for property: Sewer Connected

    Community & neighborhood

    Location
    • Region: Birmingham
    • Subdivision: North Birmingham
    Services availability
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    Estimated market value

    $236,000