3012 Avenue X, Birmingham, AL 35208
- $348,000
- List Price
- $348,000
- Status
- ACTIVE
- Days on Market
- 41
- MLS#
- 21456692
- Year Built
- 1965
- Subdivision
- Fairview
- MLS Area Major
- Ensley, Fairfield, Midfield, West End
Property Description
Cash-flowing 5-unit multifamily in Birmingham's Fairview neighborhood — professionally managed and ready to perform. Four units currently occupied with a mix of Section 8 and market-rate tenants; one unit recently fully renovated and ready for immediate lease-up. Brick construction, individual heat pumps, tenant-paid utilities, and on-site landscaping service keep operations lean. Stabilized pro forma at $3,185/month gross income delivers a 7.3% cap rate at list price. Managed by Watts Realty — financials available upon request. Call listing agent. Do not disturb tenants.
Additional Information
- Financing
- Cash, Conventional
- Air Conditioning
- Heat Pump (COOL), Individual Units (COOL)
- Exterior Construction
- Brick and Frame
- Parking
- On Street Parking, Other
- Elementary School
- Minor
- Middle School
- Bush Hills Academy
- High School
- Jackson-Olin
Listing courtesy of Keller Williams Realty Vestavia.