200 3RD AVENUE N new Save Request In-Person Tour Request Virtual Tour
Bessemer,AL 35020
Key Details
Property Type Multi-Family, Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision Bessemer
MLS Listing ID 21419141
Bedrooms 2
Full Baths 1
Year Built 1920
Property Sub-Type Apartment
Property Description
INVESTOR ALERT! Incredible opportunity to add 9 cash-flowing doors to your portfolio! This unique package includes 3 single-family homes and 3 duplexes (9 total units), all situated on one parcel: 200, 202, 204, 206, 208, 210, 212, 214 & 218 3rd Ave N. These properties crush the 1% rule, with a combined ARV Market Rent of $7,425/month and a price tag of just $395,000. Each 2 bed / 1 bath unit has an ARV Market Rent of $825/month. Current occupancy includes four rented units bringing in $3,040/month (two at $825, two at $695), with a fifth unit approved for $695/month pending Section 8 inspection. Some of the vacant units need some work to make them rent ready, but a lot of updates have already been made, including several new roofs, HVAC systems, flooring, all exterior paint, appliances, water heaters, and more. TENANTS PAY ALL UTILITIES! Whether you're a seasoned investor or just expanding your portfolio, this is a high-yield opportunity you don't want to miss!
Location
State AL
County Jefferson
Area Bessemer, Hueytown, Pleasant Grove, Oak Grove
Interior
Heating Central Control (HEAT),Electric (HEAT)
Cooling Central Control (COOL)
Flooring Vinyl,Wall-to-Wall Carpet
Exterior
Parking Features 2 Spaces per Unit,On Street Parking
Building
Foundation Crawl Space
Sewer Connected
Water Public Water
Schools
Elementary Schools Jonesboro
Middle Schools Bessemer City
High Schools Bessemer City
Others
Financing Cash
Virtual Tour https://www.propertypanorama.com/instaview/bham/21419141