500 Tuscaloosa Avenue, Birmingham, AL 35211
- $1,900,000
- List Price
- $1,900,000
- Status
- ACTIVE
- Days on Market
- 114
- MLS#
- 21449152
- Year Built
- 1978
- Subdivision
- Arlington
- MLS Area Major
- Ensley, Fairfield, Midfield, West End
Property Description
Welcome to 500 Tuscaloosa Ave a 20-unit income producing apartment complex Birmingham, AL offering immediate cash flow with additional upside potential. This property features all 2/1 units, with 17 units fully renovated between 2022–present. Renovations include updated interiors, new flooring, cabinetry, appliances, and major system upgrades. All renovated units have new HVAC systems and tankless water heaters, providing long-term efficiency and reduced maintenance costs. Currently, the property is primarily stabilized, with:19-income-producing units 1 vacant unit-ready for lease or renovation completion) 2 units positioned for full renovation (value-add opportunity) The property generates strong income, with current rent roll totaling approximately $16,500/month. Additional features include: Washer & dryer connections in units. Updated interiors and systems across majority of units. Consistent rental demand in the area. Professional management currently in place.
Additional Information
- Financing
- Cash, Conventional
- Air Conditioning
- Central Control (COOL)
- Exterior Construction
- Brick and Frame
- Parking
- 1 Space per Unit
- Elementary School
- Washington
- Middle School
- Arrington
- High School
- Parker
Listing courtesy of First Class Realty Services, L.