SoldSep 29, 2023

Listed by Todd Helzer and Robert Drum from Birmingham Investments Group

Source: Greater Alabama MLS #21363820

1616 18th Pl N, Birmingham, AL, 35234

$260,000

Apartment

3 days on the market

Sold: Sep 29, 2023

What's around 1616 18th Pl N

About this property

Introducing an exceptional investment prospect that combines both cash flow and potential for increased returns. This well-maintained 5-unit apartment complex is strategically located in a growing neighborhood known for its convenience and amenities. Close to downtown developments like Uptown, BJCC, Top Golf, and Protective Stadium, this unit is right in the path of progress in the downtown Birmingham area. With its current solid rental income and the possibility to raise rents, this property presents a rare chance for savvy investors to capitalize on the thriving real estate market. One of the most attractive features of this investment is the potential to increase rental income. The current rents are positioned below market rates, providing you with the opportunity to capitalize on the strong rental demand in the area and boost your cash flow. Seize this rare opportunity to acquire a 5-unit apartment complex that not only generates steady income but also offers untapped potential.

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