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1616 18TH PLACE N

Birmingham, AL 35234

– beds
– baths
– sqft
1967 build
– on site

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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.

Listing courtesy of GALMLS / eXp Realty, LLC Central

Last checked: Checking… • Last updated Oct 3, 2023 •

MLS# 21363820 —

The Building

Year Built:

1967
Year Built Description:

Existing
Construction:

Brick
Foundation:

Slab

Interior

Floors:

Laminate, Tile, Vinyl

Financial & Terms

Financing:

Cash, Conventional

Location

Directions:

East on 16th Street from I 65; Take left on 15th Street then left on 18th Place North to Apartment.
Latitude:

33.531923
Longitude:

-86.821002

The Property

Legal Description:

BEG 200 FT NW OF NW INTER OF 16TH AVE N & 18TH PLACE N THENCE NW 50 FT SW 135.5 FT SE 50 FT NE 135.5 FT TO P O B BEING LOT 2 H A & J W TUCKER SUR PT OF NW 1/4 OF NE 1/4 S 26 T 17 R 3
Property Type:

Apartment
Flood Plain:

No
Class:

MULTIFAMILY
Miscellaneous:

None/Other

Listing Agent

Contact info:

Taxes

Parcel ID:

22-00-26-1-013-008.000
Tax District:

BIRMINGHAM

The Listing

Sales Type:

N/A

Heating & Cooling

Cooling:

Central w/Ind Ctrl(COOL)
Heating:

Central w/Ind Ctrl(HEAT)

Utilities

Water:

Public Water
Sewer/Septic:

Connected

Appliances

Water Heater:

Electric (WTRHTR)

Schools

Elementary School:

LEWIS
Jr/Middle School:

WILKERSON
High School:

CARVER, G W

The Community

Subdivision:

AL
Minor Subdivision:

NORTH BIRMINGHAM

Parking

Parking:

1 Space per Unit

Extra Units

Total Units:

5
Type 1 Furnished:

None
Type 1 Features:

Kitchenette
Type 1 SqFt:

624 Sqft
Type 1 # of Units:

4
Type 1 # Bedrooms:

2
Type 1 # of Full Baths:

1
Type 2 Furnished:

None
Type 2 Features:

Kitchenette
Type 2 SqFt:

624 Sqft
Type 2 # of Units:

1
Type 2 # Bedrooms:

2
Type 2 # Full Baths:

1

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
9/29/23 Sep 29, 2023	Sold	GALMLS	$260,000	0.4%
8/31/23 Aug 31, 2023	Sold Subject To Contingencies	GALMLS	$259,000
8/25/23 Aug 25, 2023	Listed / Active	GALMLS	$259,000

Multifamily Sold on 9/29/2023

$260,000

Listing provided by broker:

eXp Realty, LLC Central

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Listing Courtesy of: GALMLS and eXp Realty, LLC Central.

IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the content is not guaranteed accurate by the MLS.

1616 18TH PLACE N

Birmingham, AL 35234