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Key Details
Sold Price $405,000
Property Type Multi-Family
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Subdivision East Lake
MLS Listing ID 21373334
Sold Date 01/16/24
Bedrooms 3
Full Baths 2
Year Built 1983
Property Description
Presenting a rare find at 316 Oporto Madrid Blvd S, Birmingham: a fully occupied 8-unit property blending stable income with significant growth potential. Each unit offers generously sized bedrooms and elegant LVP flooring. Discover the upgraded finishings in half of the units, featuring modern kitchens, new water heaters, granite countertops, and more. All 8 units have reliable, long-term tenants, ensuring consistent cash flow. With 7 new HVAC systems, this property promises low maintenance costs. What sets this investment apart is its balance of immediate returns and future appreciation opportunities. As the area grows, so does your potential for increased value, making this not just a purchase but a strategic asset. Ideal for both new and seasoned investors, this property is a gateway to a robust portfolio in Birmingham's vibrant market. Seize the opportunity to own a property that offers the best of both worlds - current stability and the opportunity of appreciation.
Location
State AL
County Jefferson
Area Eastlake, Woodlawn
Interior
Heating Electric (HEAT)
Cooling Central Control (COOL), Electric (COOL)
Flooring Laminate, Tile, Wall-to-Wall Carpet
Exterior
Garage 2 Spaces per Unit
Building
Foundation Slab
Sewer Connected
Water Public Water
Schools
Elementary Schools Barrett
Middle Schools Putnam, W E
High Schools Woodlawn
Others
Financing Cash,Conventional
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Bought with eXp Realty, LLC Central