3004 AVENUE W, Birmingham, AL 35208
3004 AVENUE W, Birmingham, AL 35208
3004 AVENUE W, Birmingham, AL 35208
3004 AVENUE W, Birmingham, AL 35208
3004 AVENUE W, Birmingham, AL 35208
3004 AVENUE W, Birmingham, AL 35208
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Angelica Thomas

Angelica Thomas

+1(205) 922-9442
$ 699,900
Est. payment | /mo

2 Beds

1 Bath

Save Virtual Tour
$ 699,900
Est. payment | /mo
Save Virtual Tour

2 Beds

1 Bath

Key Details

Property Type Multi-Family

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Subdivision Miller

MLS Listing ID 21462453

Bedrooms 2

Full Baths 1

Year Built 1988

Property Sub-Type Apartment

Property Description

VALUE-ADD MULTIFAMILY INVESTMENT OPPORTUNITY! Don't miss this opportunity to acquire an 100% occupied, 11-unit apartment complex strategically located in Birmingham with convenient access to the Birmingham's CrossPlex, Downtown Birmingham, UAB, major employment centers and transportation corridors. The property consists of 11, 2-BR, 1-BA units, each equipped with central HVAC, washer/dryer connections, and separately metered utilities. The real opportunity is in the property's significant rental upside. Current rents are below prevailing market rates, creating an attractive value-add opportunity to increase revenue over time through strategic management, improvements, and rent optimization. With 100% occupancy and considerable room for rental growth, this property offers the potential to strengthen NOI and increase the property's long-term value. Priced below its appraised value, this 11-unit complex presents a compelling opportunity for an investor, looking to expand.

Location

State AL

County Jefferson

Area Ensley, Fairfield, Midfield, West End

Interior

Heating Central w/Ind Ctrl(HEAT)

Cooling Central w/Ind Ctrl(COOL)

Flooring Laminate

Exterior

Parking Features 1 Space per Unit

Building

Foundation Crawl Space

Sewer Connected

Water Public Water

Schools

Elementary Schools Minor

Middle Schools Bush Hills Academy

High Schools Jackson-Olin

Others

Financing Conventional

Virtual Tour https://www.propertypanorama.com/instaview/bham/21462453

Listed by Barnes & Associates

Nearby Locations

Angelica Thomas

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(205) 922-9442

arthomas@kw.com

3595 Grandview Pkwy, Birmingham, AL 35243, USA

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3004 AVENUE W