Stable 14 unit apartment building. Fully occupied with good mix of section 8 tenants providing guaranteed flow of income and long-term self pay tenants. Gross rents of $12,251/mo. Tenants pay their own utilities (electricity and water). Owner pays trash, optional pest control, and some exterior lighting. New vinyl windows throughout all units. Newer roof. All incoming water lines are new from meter, and PVC drains and sewer. All units have water cutoffs inside for flood prevention. 50/50 new HVAC and water heaters. Painted cabinets and new countertops. Ceramic tiled shower surrounds and floors. Each unit has its own laundry space. Rent Roll details and a 2024-2025 P&L can be found under documents tab by your realtor. No showings without a qualified offer. Professional local management available with free trial period.
Sold for $1,000,000 on 07/10/25
$1,000,000
409 Oporto Madrid Blvd S, Birmingham, AL 35206
3beds
1,500sqft
Apartment
Built in 1983
-- sqft lot
$994,200 Zestimate®
$667/sqft
$1,193 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: July 11, 2025 at 05:12am
Listed by:
Davey Lanshaw 205-773-0354,
Bear Flag Property Management
Bought with:
Jaylen Cook
BluePrint Realty Company
Source: GALMLS,MLS#: 21421728

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Electric
Cooling
- Central Air
Appliances
- Included: Cooktop, Refigerator, Stove, Electric Water Heater
- Laundry: Washer/Dryer Connection
Features
- Eat-in Kitchen, Sep Dining, Sep Living, Eating Area-Kitchen
- Flooring: Vinyl
Interior area
- Total interior livable area: 1,500 sqft
Property
Parking
- Parking features: Guest
Details
- Parcel number: 2300142015010.000
- Special conditions: N/A
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Apartment
Materials
- Frame
- Foundation: Slab
Condition
- Year built: 1983
Utilities & green energy
- Water: Public
- Utilities for property: Sewer Connected
Community & neighborhood
Location
- Region: Birmingham
- Subdivision: East Lake
Services availability
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Estimated market value
$994,200