415 82nd St N, Birmingham, AL 35206
- $85,000
- 3
- BD
- 1
- BA
- 1,257
- SqFt
- List Price
- $85,000
- Status
- ACTIVE
- MLS#
- 21459929
- Subtype
- Residential
- Year Built
- 1938
- Bedrooms
- 3
- Bathrooms
- 1
- Full Baths
- 1
- Living Area
- 1,257
- Lot Size
- 9,583
- Acres
- 0.22
- Subdivision
- East Lake
- MLS Area Major
- 160
Property Description
An excellent opportunity to acquire a tenant-occupied, income-producing single-family residence as part of a 4 home investment portfolio. This property offers immediate cash flow with an established tenant already in place, making it an attractive addition for investors seeking stable rental income and long-term appreciation. This home is ideal for investors looking for a turnkey. Situated in the established Birmingham neighborhood of East Lake with convenient access to schools, shopping, employment centers, and major transportation routes, in walking distance to the park, the home is well-positioned to benefit from continued rental demand. Investor Alert: The 4 home portfolio currently brings in $3,390/mo from just 3 occupied homes. Once the 4th vacant property is leased, the projected portfolio income jumps to $4,190+/mo, unlocking a massive 14.37% Pro Forma Gross Yield and an 8.07% Cap Rate. See matching portfolio listings at MLS 21459932, 21459928, 21459929, 21459930.
Additional Information
- Exterior Features
- Storage, Porch
- Flooring
- Carpet, Hardwood, Tile
- Heating
- Central
- Air Conditioning
- Central Air
- Levels
- One
- Parking Features
- Driveway, On Street
- Elementary School
- Curry
- Middle School
- Ossie Ware Mitchell
- High School
- Woodlawn
Listing courtesy of Keller Williams Realty Hoover.