20-Unit Apartment Complex Strong Cash Flow + Renovated Units
20-unit multifamily investment opportunity located in Birmingham, AL!
Marketing description
Welcome to 500 Tuscaloosa Ave a 20-unit income producing apartment complex Birmingham, AL offering immediate cash flow with additional upside potential. This property features all 2/1 units, with 17 units fully renovated between 2022–present. Renovations include updated interiors, new flooring, cabinetry, appliances, and major system upgrades. All renovated units have new HVAC systems and tankless water heaters, providing long-term efficiency and reduced maintenance costs. Currently, the property is primarily stabilized, with:19-income-producing units 1 vacant unit-ready for lease or renovation completion) 2 units positioned for full renovation (value-add opportunity) The property generates strong income, with current rent roll totaling approximately $16,500/month. Additional features include: Washer & dryer connections in units. Updated interiors and systems across majority of units. Consistent rental demand in the area. Professional management currently in place.
Investment highlights
20-unit multifamily investment opportunity located in Birmingham, AL offering strong in-place cash flow with additional upside potential.
This property consists of all 2-bedroom, 1-bath units and is currently 95% occupied (19 of 20 units). Seventeen units have been renovated between 2022–present, including updated interiors, new flooring, cabinetry, appliances, and major system upgrades.
Renovated units feature new HVAC systems and tankless water heaters, significantly reducing future capital expenditures. The property also includes washer and dryer connections in units.
Current rents produce approximately $16,500/month in gross income, with additional upside through leasing the vacant unit, completing updates on the remaining two units, and increasing under-market rents.
Tenants pay their own power and contribute $50/month toward water and trash, offering potential for further utility optimization.
This is a stabilized, income-producing asset ideal for investors seeking immediate cash flow with light value-add opportunity.
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