3500 12TH AVENUE N
Birmingham, AL 35234
- – beds
- – baths
- – sqft
- 1955 build
- – on site
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.
Last checked:
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Last updated Sep 30, 2024
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MLS# 21391447 —
The Building
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Year Built:1955
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Year Built Description:Existing
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Construction:Brick and Frame
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Foundation:Crawl Space
Interior
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Floors:Vinyl, Wall-to-Wall Carpet
Financial & Terms
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Financing:Cash, Conventional
Location
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Directions:I59/20 South, Exit 31st St N, take a right onto 12th Ave N, cross bridge. Apartments on your left.
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Latitude:33.537713
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Longitude:-86.792649
The Property
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Legal Description:LOT 11-A BHAM RLTY COS 4TH ADD RESUR OF LOTS 11-12-13 & PT LOT 14 BLK 2 LESS PT IN I-59 R/W
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Property Type:Apartment
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Flood Plain:No
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Class:MULTIFAMILY
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Miscellaneous:None/Other
Listing Agent
- Contact info:
- Office phone:
- (205) 515-0917
Taxes
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Parcel ID:23-00-19-3-013-002.000
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Tax District:BIRMINGHAM
The Listing
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Sales Type:N/A
Heating & Cooling
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Cooling:Electric (COOL)
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Heating:Electric (HEAT)
Utilities
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Water:Public Water
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Sewer/Septic:Connected
Appliances
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Water Heater:Electric (WTRHTR)
Schools
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Elementary School:NORTH BIRMINGHAM
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Jr/Middle School:HAYES
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High School:CARVER, G W
The Community
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Subdivision:AL
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Minor Subdivision:NORWOOD
Parking
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Parking:On Street Parking, Other
Extra Units
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Total Units:7
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Type 1 Furnished:All
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Type 1 Features:Refrigerator, Stove, Washer/Dryer Connection
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Type 1 SqFt:950 Sqft
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Type 1 # of Units:1
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Type 1 # Bedrooms:2
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Type 1 # of Full Baths:1
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Type 2 Furnished:All
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Type 2 Features:Refigerator, Stove, Washer/Dryer Connection
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Type 2 SqFt:700 Sqft
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Type 2 # of Units:6
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Type 2 # Bedrooms:1
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Type 2 # Full Baths:1
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
9/30/24
Sep 30, 2024
|
Price Changed | GALMLS | $485,900 | -0.6% |
|
8/22/24
Aug 22, 2024
|
Price Changed | GALMLS | $489,000 | -2.0% |
|
7/11/24
Jul 11, 2024
|
Listed / Active | GALMLS | $499,000 | 56.4% (22.3% / YR) |
