$1,900,000

Apartment In Birmingham

  • 2 Beds
  • 1 Baths
  • 888 Sqft
  • Updated: July 10
  • Source:
    Greater Alabama MLS  MLS#21449152

About the Property

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
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.
  • Property type

    Apartment

  • Year built

    1978

  • Price/sqft

    $2,139

Explore the Area

500 TUSCALOOSA AVENUE SW, Grayson Valley, Alabama, United States View on Google Maps
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First Class Realty Services, L - Birmingham

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First Class Realty Services, L - Birmingham
Alabama, United States
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1
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2026
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First Class Realty Services, L - Birmingham
Birmingham, Alabama, United States
View agency profile
Last updated
July 10
First listed
Jul 10
Listing reference
21449152
Listing status
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