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.
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
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#: 21363820

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
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$236,000