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$ 1,900,000
Est. payment /mo
Active
500 TUSCALOOSA AVENUE SW Birmingham, AL 35211
2 Beds
1 Bath
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision Arlington
MLS Listing ID 21449152
Bedrooms 2
Full Baths 1
Year Built 1978
Property Sub-Type Apartment
Property Description
Welcome to 500 Tuscaloosa Ave a 20-unit income producing apartment complex Birmingham, AL offering immediate cash flow with additional upside potential. This property features all 2/1 units, with 17 units fully renovated between 2022–present. Renovations include updated interiors, new flooring, cabinetry, appliances, and major system upgrades. All renovated units have new HVAC systems and tankless water heaters, providing long-term efficiency and reduced maintenance costs. Currently, the property is primarily stabilized, with:19-income-producing units 1 vacant unit-ready for lease or renovation completion) 2 units positioned for full renovation (value-add opportunity) The property generates strong income, with current rent roll totaling approximately $16,500/month. Additional features include: Washer & dryer connections in units. Updated interiors and systems across majority of units. Consistent rental demand in the area. Professional management currently in place.
Location
State AL
County Jefferson
Area Ensley, Fairfield, Midfield, West End
Interior
Heating Central Control (HEAT)
Cooling Central Control (COOL)
Flooring Laminate, Wall-to-Wall Carpet
Exterior
Parking Features 1 Space per Unit
Building
Foundation Slab
Sewer Connected
Water Public Water
Schools
Elementary Schools Washington
Middle Schools Arrington
High Schools Parker
Others
Financing Cash,Conventional
Virtual Tour https://www.propertypanorama.com/instaview/bham/21449152
Listed by First Class Realty Services, L
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