About This Home
This 0-bedroom, 0-bathroom multi-family at 1316 16TH STREET in Birmingham, AL is listed for $400,000. Built in 1910, on a N/A lot.
Key Features
- Built in 1910
Property Details
Amenities
**INVESTOR OPPORTUNITY IN SOUTH BIRMINGHAM!** This spacious 2,836 SF triplex is offered at $400,000 and features three income-producing units with an estimated total rental potential of $3,242/month ($38,904 annually, subject to change). The main level includes a 2BR/1BA and 1BR/1BA, each approximately 1,003 SF, while the 830 SF basement features an additional 2BR/1BA.
All units are currently vacant, giving a new owner the opportunity to establish their own tenant base and leasing strategy. Recent improvements include kitchen and bathroom renovations. The upstairs units showcase impressive 12-foot ceilings, hardwood floors throughout, and tile in the kitchens and baths.
The basement offers 8-foot ceilings and concrete floors. Built in 1910, the property also features street parking and a beautiful weeping willow in the rear common area. A compelling opportunity for investors seeking a multifamily property with existing updates and potential to optimize rental income.
Monthly Cost Estimate
$2,139/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1316 16TH STREET
Birmingham, AL 35205
BIRMINGHAM
Property Details
Flooring
Construction
Parking
Heating
Cooling
Questions & Answers
This 0-bedroom, 0-bathroom multi-family at 1316 16TH STREET is listed at $400,000. The estimated monthly payment is $2,140 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1910.
This property is listed by Thomas Allen.
Thomas Allen
Agent at SeBro Realty
