2418 Eufaula Ct, Birmingham, AL 35208

Eufaula Court — 2418 Eufaula Court, Birmingham, AL 35208 — is a compelling value-add multifamily investment in Birmingham’s Ensley submarket. This 12-unit, garden-style community is 100% occupied and offers immediate cash flow with clear upside through a light interior renovation program. Built in 1957, the property features twelve 2BR/1BA units averaging approximately 660 SF across two single-story brick buildings on 0.83 acres. The asset benefits from all-electric, separately metered units, wall heat and window A/C, minimizing landlord utility exposure. Recent capital improvements include a new metal roof in 2016 and parking lot repaving in 2019, helping reduce near-term capital needs. Current average rents of $554 per unit are well below projected post-renovation rents of $700–$725, creating a strong path to revenue growth. At an asking price of $690,000 ($57,500 per door), the opportunity presents attractive in-place returns with additional upside through stabilization. Private parking, full occupancy, and a below-market rent profile make this a highly appealing acquisition for investors seeking durable income and operational upside in a proven Birmingham rental corridor.