Birmingham, AL 35234,1616 18TH PLACE N
Birmingham, AL 35234,1616 18TH PLACE N
Birmingham, AL 35234,1616 18TH PLACE N
Birmingham, AL 35234,1616 18TH PLACE N
See all 4 photos

$260,000

$259,000

0.4%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

4 Beds

2 Baths


SOLD DATE : 09/29/2023

Key Details

Sold Price $260,000

Property Type Multi-Family

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

Subdivision North Birmingham

MLS Listing ID 21363820

Sold Date 09/29/23

Bedrooms 4

Full Baths 2

Year Built 1967

Property Description

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.

Location

State AL

County Jefferson

Area Downtown Birmingham, Southside

Interior

Heating Central w/Ind Ctrl(HEAT)

Cooling Central w/Ind Ctrl(COOL)

Flooring Laminate, Tile, Vinyl

Exterior

Garage 1 Space per Unit

Building

Foundation Slab

Sewer Connected

Water Public Water

Schools

Elementary Schools Lewis

Middle Schools Wilkerson

High Schools Carver, G W

Others

Financing Cash,Conventional

Read Less Info

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP


Listed by eXp Realty, LLC Central
Bought with Bham Realty, LLC

GET MORE INFORMATION

Kesha Kennedy

Broker | License ID: 303073

+1(678) 201-6582

240 Corporate Center Dr, Ste F, Stockbridge, GA, 30281, United States

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.