2805 Ave E, Birmingham, AL 35218
- $699,900
- List Price
- $699,900
- Status
- ACTIVE
- MLS#
- 21462575
- Subtype
- Residential Income
- Year Built
- 1983
- Subdivision
- Ensley
- MLS Area Major
- 290
Property Description
VALUE-ADD MULTIFAMILY INVESTMENT OPPORTUNITY! This offering includes two 6-unit buildings totaling 12 units in Birmingham's Ensley community, conveniently located near the Birmingham CrossPlex, Downtown Birmingham, UAB, shopping, dining, and major transportation corridors. The property features 12 - 2-bedroom, 1.5-bath units, each with central HVAC, washer/dryer connections, and separately metered utilities. Currently 80% occupied, the property provides immediate income with vacant units available to turn and reposition. Current rents are below market, creating significant upside through renovations, improved management, and rent optimization. Priced below appraised value, this is an excellent opportunity for an investor seeking a multifamily asset with existing cash flow and strong value-add potential.
Additional Information
- Flooring
- Laminate, Other
- Air Conditioning
- Central Air
- Foundation
- Slab
- Elementary School
- Wylam
- Middle School
- Bush Hills Academy
- High School
- Jackson-Olin
Listing courtesy of Barnes & Associates.