7233 Rome Ave, Birmingham, AL 35206
- $95,000
- 3
- BD
- 1
- BA
- 980
- SqFt
- List Price
- $95,000
- Status
- ACTIVE
- MLS#
- 21459932
- Property Type
- Single Family Residential
- Bedrooms
- 3
- Baths
- 1
- Full Baths
- 1
- Lot Size (Acres)
- 0.16
- Sq. Ft
- 980
- Year Built
- 1958
- Parcel
- 23-00-14-4-018-004.000
Property Description
A tenant-occupied, income-producing single-family home offering investors immediate cash flow and long-term investment potential. As part of a four-property rental portfolio, this home provides the opportunity to acquire a stabilized investment. Located in East Lake, an established Birmingham neighborhood with convenient access to schools, shopping, major employment centers, and transportation routes, the property benefits from strong rental demand and favorable long-term market fundamentals. Whether you're expanding an existing portfolio or seeking a turnkey investment, this property delivers dependable income with the potential for future appreciation. Investor Alert: The 4 home portfolio currently brings in $3,390/mo from just 3 occupied homes. Once the 4th vacant property is leased, the projected portfolio income jumps to $4,190+/mo, unlocking a massive 14.37% Pro Forma Gross Yield and an 8.07% Cap Rate. See matching portfolio listings at MLS 21459928, 21459929, 21459930.
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Additional Information
- Exterior Features
- Porch
- Basement
- Crawl Space
- Stories
- One
- Parking Features
- Driveway, On Street
- Elementary School
- Barrett
- Middle School
- Ossie Ware Mitchell
- High School
- Woodlawn
- Laundry Features
- Washer Hookup
- Heating
- Central
- Cooling
- Central Air
- Flooring
- Hardwood
- Sewer
- Sewer
- Subdivision
- Central Highlands
- Community Features
- Sidewalks
- Region
- 160
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Listing courtesy of Keller Williams Realty Hoover.