1337 ALABAMA AVENUE
Property Description
Fully occupied, turn-key triplex just minutes from downtown Birmingham, offering immediate in-place income and future rental upside. The property features two 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit, totaling five bedrooms and three bathrooms. All three units are occupied and generate $2,068 per month in gross rent, or $24,816 annualized, with room for growth as market rents in the area continue to rise. Income has stabilized and trended upward since Unit 3 returned online at the beginning of 2026, with September posting the strongest NOI of the trailing 12 months. Financing options include cash, conventional, or DSCR. Buyer to verify all information of importance, including taxes, fees, and school information.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $189,000 |
| No. of Units: | 2 |
| Year Built: | 1920 |
| Opportunity Zone: | No |
| Price per unit: | $94,500 |
| Property Website | Click Here |
| Number of Bedrooms: | 0 |
| Number of Bathrooms: | 0 |
ID: 3yd-BHAMMLSAL-21465651
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