8033 5th Avenue, Birmingham, AL 35206
- $85,000
- 3
- BD
- 1
- BA
- 1,038
- SqFt
- List Price
- $85,000
- Status
- ACTIVE
- Days on Market
- 9
- MLS#
- 21459928
- Year Built
- 1935
- Bedrooms
- 3
- Bathrooms
- 1
- Full Baths
- 1
- Living Area
- 1,038
- Lot Size
- 871
- Acres
- 0.02
- Subdivision
- East Lake South Highlands
- MLS Area Major
- EastLake, Woodlawn
Property Description
An outstanding opportunity to acquire a single-family investment property in an established Birmingham rental market. As part of a 4-property investment portfolio, this turnkey home offers investors the potential for strong long-term returns through consistent rental demand and future appreciation. Conveniently located near major employment corridors, shopping, schools, and interstate access, the property is well-positioned to attract and retain quality tenants. PORTFOLIO OPPORTUNITY: Priced at an automatic discount for a quick sale! Acquire this home as the anchor asset in a high-yield 4-property portfolio package for $350,000. The other 3 properties are already fully occupied, carrying the entire portfolio with $3,390/mo in active gross rent. By placing a tenant in this vacant unit, a buyer can immediately boost total gross income to $4,190+/mo, capturing an elite 8.07% Pro Forma Cap Rate. See matching portfolio listings at MLS 21459929, 21459930, 21459932
Additional Information
- Amenities
- Sidewalks
- Interior Features
- None
- Exterior Features
- Porch
- Financing
- Cash, Conventional
- Heating
- Central (HEAT)
- Air Conditioning
- Central (COOL)
- Exterior Construction
- Concrete/Block, Siding-Vinyl
- Exterior Features
- Porch
- Stories
- 1-Story
- Foundation
- Crawl Space
- Parking
- Driveway Parking, On Street Parking
- Elementary School
- Robinson
- Middle School
- Ossie Ware Mitchell
- High School
- Woodlawn
Listing courtesy of Keller Williams Realty Hoover.