60
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$400,000
Est. payment /mo
5 Beds
3 Baths
Active
1316 16TH STREET S Birmingham, AL 35205
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Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Subdivision Birmingham
MLS Listing ID 21465504
Bedrooms 5
Full Baths 3
Year Built 1910
Property Sub-Type Triplex
Property Description
**INVESTOR OPPORTUNITY IN SOUTH BIRMINGHAM!** This spacious 2,836 SF triplex is offered at $400,000 and features three income-producing units with an estimated total rental potential of $3,242/month ($38,904 annually, subject to change). The main level includes a 2BR/1BA and 1BR/1BA, each approximately 1,003 SF, while the 830 SF basement features an additional 2BR/1BA. All units are currently vacant, giving a new owner the opportunity to establish their own tenant base and leasing strategy. Recent improvements include kitchen and bathroom renovations. The upstairs units showcase impressive 12-foot ceilings, hardwood floors throughout, and tile in the kitchens and baths. The basement offers 8-foot ceilings and concrete floors. Built in 1910, the property also features street parking and a beautiful weeping willow in the rear common area. A compelling opportunity for investors seeking a multifamily property with existing updates and potential to optimize rental income.
Location
State AL
County Jefferson
Area Downtown Birmingham, Southside
Interior
Heating Central w/Ind Ctrl(HEAT)
Cooling Ceiling Fans, Central w/Ind Ctrl(COOL)
Flooring Other, Some Hardwood, Tile
Exterior
Parking Features 1 Space per Unit, On Street Parking
Building
Foundation Basement
Sewer Connected
Water Public Water
Schools
Elementary Schools Glen Iris
Middle Schools Booker T Washington
High Schools Parker
Others
Financing Cash,Conventional
Virtual Tour https://www.propertypanorama.com/instaview/bham/21465504
Listed by SeBro Realty
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