For Sale

Listed by Ben Hedden and Alexander Bloomston from Bham Realty, LLC

Source: Greater Alabama MLS #21464590

335 Iota Avenue South, Birmingham, AL, 35205

$470,000

Apartment

•

30+ days on the market

What's around 335 Iota Avenue South

About this property

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.

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