7233 Rome Avenue, Birmingham, AL 35206
- $95,000
- 3
- BD
- 1
- BA
- 980
- SqFt
- List Price
- $95,000
- Status
- ACTIVE
- Days on Market
- 9
- MLS#
- 21459932
- Year Built
- 1958
- Bedrooms
- 3
- Bathrooms
- 1
- Full Baths
- 1
- Living Area
- 980
- Lot Size
- 6,969
- Acres
- 0.16
- Subdivision
- Central Highlands
- MLS Area Major
- EastLake, Woodlawn
Property Description
A tenant-occupied, income-producing single-family home offering investors immediate cash flow and long-term investment potential. As part of a four-property rental portfolio, this home provides the opportunity to acquire a stabilized investment. Located in East Lake, an established Birmingham neighborhood with convenient access to schools, shopping, major employment centers, and transportation routes, the property benefits from strong rental demand and favorable long-term market fundamentals. Whether you're expanding an existing portfolio or seeking a turnkey investment, this property delivers dependable income with the potential for future appreciation. 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 21459928, 21459929, 21459930.
Additional Information
- Amenities
- Sidewalks
- Interior Features
- None
- Exterior Features
- Porch
- Financing
- Cash, Conventional
- Heating
- Central (HEAT)
- Air Conditioning
- Central (COOL)
- Exterior Construction
- Brick Over Foundation, Siding-Vinyl
- Exterior Features
- Porch
- Stories
- 1-Story
- Foundation
- Crawl Space
- Parking
- Driveway Parking, On Street Parking
- Elementary School
- Barrett
- Middle School
- Ossie Ware Mitchell
- High School
- Woodlawn
Listing courtesy of Keller Williams Realty Hoover.