For Sale
$365,000

3124 6Th AveBessemer, AL 35020

High-Yield, Fully Occupied, Renovated

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity features a portfolio of three single-family rental homes, offering immediate cash flow and strong long-term potential. Two properties are located in Bessemer, Alabama, a city experiencing revitalization and offering proximity to Birmingham's amenities while maintaining affordability. The third property is situated in Tuscaloosa, Alabama, benefiting from the robust economy and cultural vibrancy associated with the University of Alabama. All three houses, built between 1948 and 1978, underwent renovations in 2020. Currently 100% occupied since November 6, 2024, the properties generate substantial rental income: one house commands $1,000 per month, another $1,150, and the third $1,100. Tenants are responsible for their utilities. A third-party property manager is currently utilized. This stabilized investment presents a rare opportunity to acquire a diversified, high-performing rental portfolio in desirable Alabama locations, offering both immediate returns and significant long-term growth potential. The portfolio's location in Bessemer and Tuscaloosa provides access to a variety of amenities, including parks, lakes, and the cultural attractions of a major university. Alabama's relatively low property taxes further enhance the investment's attractiveness. This is a turnkey operation, ready for a new owner to step in and begin profiting from this established rental income stream. The asking price is $365,000.

Highlights

  • $365,000 asking price for a stabilized multifamily investment.
  • Three single-family rental homes, 100% occupied, with leases expiring November 6, 2024.
  • Monthly rents: $1,000, $1,150, and $1,100. Tenant pays utilities; third-party property manager in place.
  • All three homes renovated in 2020; one in Tuscaloosa, AL, and two in Bessemer, AL.
  • Broker co-op available.

Property Details for 3124 6Th Ave

Property type
Residential income homes
Year Built/Renovated
1948/2020
Buildings
3
Stories
1
Units
3

Location Insight

City
Bessemer
County
Jefferson
State
Alabama
Latitude
33.4185044
Longitude
-86.945913
3124 6Th Ave, Bessemer, Alabama

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3124 6Th Ave
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