3500 12TH AVENUE

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Address: 3500 12th Ave N, Birmingham, AL 35234, USA
Created date: July 16, 2024
Date last updated: July 16, 2024

Property Description

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.

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $499,000
No. of Units: 7
Year Built: 1955
Opportunity Zone: No
Price per unit: $71,286
Property Website Click Here
Number of Bedrooms: 3
Number of Bathrooms: 2
Address: 3500 12TH AVENUE, BIRMINGHAM, AL 35234, USA
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