335 Iota Ave S, Birmingham, AL 35205
- $470,000
- List Price
- $470,000
- Status
- ACTIVE
- MLS#
- 21464590
- Property Type
- Multifamily
- Year Built
- 1955
- Parcel
- 29-00-02-2-026-002.000
Property Description
INVESTMENT OPPORTUNITY in Birmingham’s Titusville community! This 11-unit multifamily property consists entirely of 1-bedroom units and currently generates approximately $4,800/month in gross rental income, or $57,600 annually. Current rents include four units at $500/month (one Section 8) and seven units at $400/month, offering potential for future rental growth subject to market conditions. Annual property taxes are approximately $1,500. Located just minutes from UAB, Downtown Birmingham, I-65 and the growing Parkside/Southside area, the property is positioned near some of Birmingham’s largest employment, medical and educational centers. Titusville is also seeing continued neighborhood investment, including infrastructure improvements and the growing six-acre Titusville Social Commons community hub, bringing together employers, nonprofits, educational programs, coworking and event space.
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Additional Information
- Elementary School
- Washington
- Middle School
- Booker T Washington
- High School
- Parker
- Cooling
- Window/Wall
- Flooring
- Hardwood, Tile
- Sewer
- Sewer
- Subdivision
- Titusville
- Region
- 190
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Listing courtesy of Bham Realty, LLC.