Off-Market Section 8 Approved Duplex in Birmingham, AL- 35211

Descripiton

Value-Add Investment with Rental Income Potential

Property Details:

• Property Type: Off-Market Duplex

• Beds/Baths/Sqft: Two 1-bed  / 1-bath  units, each approximately 750 sqft

• Lot Size: 9,500 sqft

• Purchase Price: $85,000  (+TC + CC)

• After Repair Value (ARV): Approximately $170,000

• Condition: Fair, some work needed; bathroom and kitchen floors being updated, sold as-is

• COE (Close of Escrow): As soon as possible

• Occupancy: Mixed; one unit vacant and ready for occupancy or updates, the other occupied with lease expiring in May

Rental Income Potential:

• Current Rent: $550/month per unit

• Market Potential Rent: $1,000–$1,100/month per unit

Property Condition:

• Foundation/Roof/Plumbing: Need to confirm

Comparable Sales (Comps):

1. 1636 Alemeda Ave SW, Birmingham, AL 35211 - Sold for $175,000 on May 29, 2024

2. 1705 Steiner Ave, Birmingham, AL 35211- Sold for $199,000 on March 18, 2024

3. 342 23rd St SW, Birmingham, AL 35211- Sold for $166,000 on January 31, 2024

4. Comp 4

Investment Highlights:

• Section 8 Approved: Guaranteed rental income for one unit

• Value-Add Opportunity: Update bathrooms and kitchens for increased rental income

• High ARV & Rental Potential: Estimated ARV of $170,000 with rental potential of $1,000–$1,100/month per unit

• Flexible Occupancy: One unit vacant for immediate updates; other unit leased until May

Why This Deal is a Great Opportunity: This property is ideal for investors looking for a Section 8 approved value-add rental property with high upside potential. With an ARV of approximately $170,000 and a chance to increase rental income significantly, there is a strong opportunity for cash flow from long-term rental income. Located in a rental-friendly market in Birmingham, AL, this duplex is a solid addition to an investor's portfolio.

Viewing Information:

• Access: Photos available and walkthroughs by appointment

• Photos: https://drive.google.com/drive/folders/1iRl9pGCdUxpeuCrLC6C6Q0HEABxyDO6W

Gallery Images