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$475,000   Price Analysis
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218 N 3rd Ave
Bessemer, AL 35020
18 bed 9 bath 1,512 SqFt ($314/SqFt)
Built 1920
Listed 2024-06-12, Taxes $3,010
Ⓧ USDA Ineligible
due to location

near Bessemer

ATTENTION INVESTORS!!

ALL BRAND CONTEMPORARY EXTERIOR PAINT!! This is a tremendous opportunity for you to add 9 doors to your portfolio! This mix of 3 single family and 3 Duplex Units CRUSH the 1% rule. Nine addresses are included in this parcel: 200, 202, 204, 206, 208, 210, 212, 214 and 218 3rd Ave N.

Some units need some interior work, mostly cosmetic. Some already have been rehabbed. Three have new roofs. Each 2x1 Unit has a market rent of $895 monthly. Total Monthly Market Rent is $8, 055.00 with an asking price of $499k. This can also be purchsed with another portfolio. Inquire for more information.


Presented by John Street at
Keller Williams Realty Vestavia.


Property MLS #21388612 from Birmingham

Bedrooms: 18

Cooling Features: Central w/Ind Ctrl, Electric
Heating Features: Central w/Ind Ctrl, Electric
Water Heaters: Electric (WTRHTR)

Full Bathrooms: 9

Flooring: Some Hardwood, Tile, Wall-to-Wall Carpet

Parking Features: 2 Spaces per Unit

Elementary School: GREENWOOD-CITY
High School: BESSEMER CITY
Middle School: BESSEMER CITY

Bessemer City High School is a public high school located approximately 2 miles away.
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Jonesboro Elementary School is a public elementary school located approximately 0.8 miles away.
directions icon Map directions

Beulah Baptist Christian School is a private elementary school located approximately 0.8 miles away.
directions icon Map directions

Bessemer City Middle School is a public middle school located approximately 1 miles away.
directions icon Map directions

Number of Units: 9
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 2
Full Bathrooms in Unit-1: 1
Full Bathrooms in Unit-2: 1
Unit-1 Description: Den, Eating Area-Kitchen, Washer/Dryer Connection
Unit-2 Description: Den, Eating Area-Kitchen, Washer/Dryer Connection
Unit-1 Square Feet: 714
Unit-2 Square Feet: 798

Tenant Pays: All Utilities (TENANT)

Source Listing Status: Active
County: Jefferson
Directions: From Hwy 150, turn Left onto Fairfax Ave. Then Right onto 9th Street S. Then Left onto 2nd Ave N. Then Right onto 3rd St N. Then Left onto 3rd Ave N.
Source Property Type: MULTIFAMILY
Area: Bessemer, Hueytown, Pleasant Grove, Oak Grove
Source Neighborhood: BESSEMER
Owner Pays: No Utilities (Owner)
Subdivision: BESSEMER
Flood Plain: No
Property Subtype: Apartment
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$unknown + $unknown
$43,820
$3,010
2021$unknown + $unknown
$43,820
$3,010
2020$unknown + $unknown
$43,820
$3,010
2019$unknown + $unknown
$43,820
$3,010
2018$unknown + $unknown
$32,220
$2,213
2017$unknown + $unknown
$32,220
$2,213
2016$unknown + $unknown
$32,220
$2,213
2015$unknown + $unknown
$42,780
$2,938
2013$unknown + $unknown
$9,120
$641
2013$unknown + $unknown
$9,120
$641
2012$4,780 + $4,332
$9,112
$641
2011$4,840 + $4,340
$9,180
$645
2010$4,840 + $4,340
$9,180
$645
2009$4,840 + $4,340
$9,180
$645
2008$5,000 + $4,340
$9,340
$656
2007$4,880 + $4,340
$9,220
$648

Price Changed 2024-07-12
$475,000
Birmingham
Listed 2024-06-12
$499,000
Birmingham
Listing removed 2024-06-08
$0
Birmingham
Price Changed 2024-03-21
$499,000
Birmingham
Listed 2024-03-14
$560,000
Birmingham
Listing removed 2024-03-02
$0
Birmingham
Price Changed 2023-12-10
$560,000
Birmingham
Price Changed 2023-10-02
$595,000
Birmingham
Listed 2023-08-24
$608,000
Birmingham
Listing removed 2023-05-25
$725
Birmingham
Listed for rent 2023-05-11
$725
Birmingham
Sold 2022-04-15
$311,001
Birmingham
Sold 2004-10-28
$58,575
Public Record

Operating Expense: 865

Year Built: 1920
Building Exterior Type: Frame
Foundation Details: Crawl Space
Property Age: 104
Year Built Details: Existing

Sewer: Connected
Water Source: Public Water
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.