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$ 470,000
Est. payment /mo
New
335 IOTA AVENUE S Birmingham, AL 35205
1 Bed
1 Bath
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision Titusville
MLS Listing ID 21464590
Bedrooms 1
Full Baths 1
Year Built 1955
Property Sub-Type Apartment
Property Description
INVESTMENT OPPORTUNITY in Birmingham's Titusville community! This 11-unit multifamily property consists entirely of 1-bedroom units and currently generates approximately $4,800/month in gross rental income, or $57,600 annually. Current rents include four units at $500/month (one Section 8) and seven units at $400/month, offering potential for future rental growth subject to market conditions. Annual property taxes are approximately $1,500. Located just minutes from UAB, Downtown Birmingham, I-65 and the growing Parkside/Southside area, the property is positioned near some of Birmingham's largest employment, medical and educational centers. Titusville is also seeing continued neighborhood investment, including infrastructure improvements and the growing six-acre Titusville Social Commons community hub, bringing together employers, nonprofits, educational programs, coworking and event space.
Location
State AL
County Jefferson
Area Downtown Birmingham, Southside
Interior
Heating Window Units (HEAT)
Cooling Window Units (COOL)
Flooring Some Hardwood, Tile
Exterior
Parking Features On Street Parking
Building
Foundation Slab
Sewer Connected
Water Public Water
Schools
Elementary Schools Washington
Middle Schools Booker T Washington
High Schools Parker
Others
Financing Cash,Conventional
Virtual Tour https://www.propertypanorama.com/instaview/bham/21464590
Listed by Bham Realty, LLC