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Sold almost 2 years ago

$219,000

3 bd 2 ba 1508 sqft

1316 16th Ave N, Birmingham, AL 35204

Residential SFR

Current Rent **

N/A

Projected Rent **

$3,550

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Turnkey STR in Birmingham, AL

Turnkey investment/house hack/buy and hold less than five minutes to downtown and Uptown Birmingham--right in the path of progress. Occasionally used as a full house and by-the-bedroom AirBnb, the current owner has not maximized it's earning potential and is ready to move on to other ventures. Built in 1920, it is beautifully renovated (completed in 2021). HVAC, plumbing, electric, foundation all updated. New roof in 2016. The home boasts historic charm plus modern amenities. Neutral color palette, abundant natural light (all new windows), and 9-foot ceilings are paired with modern touches like an electric fireplace and bullnose quartz countertops. Smart tech features include keypad entry, ADT alarm, and solar-powered gate for added security and convenience. Guests can watch the sun rise from the front porch or host a barbecue on the back patio in the fully-fenced yard with parking pad and room for four cars. Includes stainless steel appliances, washer/dryer, and window treatments. All furnishings and linens are also available, making this a true turnkey business opportunity. The area is poised for another $350 million in development in the next 1-3 years, including The Star Uptown and new amphitheater. Comps attached in last photo.
#exprealty

Location:

1316 16th Ave N, Birmingham, AL 35204

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.