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$ 699,900
Est. payment /mo
New
2805 AVENUE E Birmingham, AL 35218
2 Beds
1.5 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision Ensley
MLS Listing ID 21462575
Bedrooms 2
Full Baths 1
Half Baths 1
Year Built 1983
Property Sub-Type Apartment
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.
Location
State AL
County Jefferson
Area Ensley, Fairfield, Midfield, West End
Interior
Heating Central Control (HEAT)
Cooling Central Control (COOL)
Flooring Laminate, Other
Exterior
Parking Features 1 Space per Unit
Building
Foundation Slab
Sewer Connected
Water Public Water
Schools
Elementary Schools Wylam
Middle Schools Bush Hills Academy
High Schools Jackson-Olin
Others
Financing Cash,Conventional
Virtual Tour https://www.propertypanorama.com/instaview/bham/21462575
Listed by Barnes & Associates
Nearby Locations