Home For Sale In Birmingham, Alabama

house for sale

Listed: 06/03/24

7720 Madrid Ave, Birmingham, Alabama, 35206

40 Bed:

20 Bath:

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Price

$ 1,5M

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About This House

20 unit Garden Apartment Buildings at 100% occupancy. Good mix of sec 8 tenants, responsible self-pay, and long-term tenants/residents. Market rents for these units now $800/door. All utilities in tenants' names. New HVAC in all units, new water heaters in large majority, newly refinished parking lot, exterior lighting, new railings for both buildings to code, flooring and paint. Ready for cash flow and appreciation as the Birmingham revitalization has already started moving to the east-laying neighborhoods. Less than 10 miles from downtown, East Lake is a desirable part of the city where tenants can be close to work, family, new shops, and nature. Less than a mile to Birmingham favorite Ruffner Mountain. Professional Management in place with established tenant relationships for ease of transition.

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Houses for sale in Birmingham

Original listing

Birmingham Housing & Living

Average sale prices for houses

2 bed

3 bed

4+ bed

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Month	Median Price
Jun 2024	$123,939 (-10.3%)
May 2024	$138,131 (-12.4%)
Apr 2024	$157,706 (0%)
Mar 2024	$157,706 (0%)
Feb 2024	$157,706 (0%)
Jan 2024	$157,706 (+96.9%)

In June 2024, the asking price for 2 bed houses for sale in/near Birmingham, United States averaged $123,939, a decrease of 10.3% from the previous month.

Median price trends for properties for sale in Birmingham, United States as of June 2024.

Household Income

Median household income: $33,770

Number of households: 90,149

The average household income in Birmingham, AL grew from $32,404 to $33,770 in the past year. This data is an estimate based upon 90,149 households in Birmingham, AL.
The chart below presents how household income is distributed in Birmingham, AL in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: <$800

One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Birmingham, AL compared to median property taxes around the country. The prevalent amount of property taxes in Birmingham, AL equals <$800 , which is more than the national average.