4727 6th Avenue

Birmingham AL 35224

0.13 ac.

Single-Family

Currently for sale - view listing

Overview

3BR/1BA rental with an active Section 8 HAP contract in place. Current gross rent $825/mo ($750 HAP + $75 resident contribution) with lease expiring August 2026. The tenant intends to renew for the August 18, 2026 - August 17, 2027 term, and is currently pending their signature. For this renewal, we will need to send the lease out at the current rate of $825.00 and then resubmit the Section 8/HAP rent increase request for $858.00 in August. Once approved, the new amount will be processed via a lease addendum, with the updated rent taking effect on November 1st. Property features original hardwood floors throughout the living areas, an updated bathroom with tile flooring and a modern vanity, and a functional electric HVAC system. Laundry hookups in the kitchen. Occupied and cash flowing day one. Ideal for the buy-and-hold investor seeking immediate Section 8 income with upside at lease renewal or market-rate conversion. Priced for the investor, not the retail buyer.

Features

3 bedrooms

1 bathroom

0.13 ac. lot size

Single-Family

Property history for 4727 6th Avenue

2021

Sold

$38,500

07 Sep 2021 by Christopher Preston, of REMAX Northern Properties | Gardendale

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