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2208 Avenue G 3 Unit Apartment Building Offered at $189,000 at a 11.54% Cap Rate Birmingham, AL 35218



EXECUTIVE SUMMARY
Discover a clean, fully occupied brick triplex for sale in Birmingham, Alabama, located in the growing Ensley corridor. This updated small multifamily property featuresthree spacious 2BR/1BA units, each with modern interior upgrades including luxury vinyl flooring, updated cabinets, fresh paint, and multiple newer water heaters. Theexterior has been freshly repainted, and the roof presents well, offering long-term durability and reduced maintenance. Each unit has a private entrance, enhancingprivacy and tenant retention. Tenants pay their own utilities, creating a low-overhead, low-maintenance setup that investors appreciate. The property sits on a level lotwith clean curb appeal, easy parking, and excellent access to downtown Birmingham, UAB, major employers, I-20/59, and public transportation. This updated and well-maintained triplex is ideal for investors seeking stable occupancy, strong rental demand, and long-term portfolio growth in a strengthening Birmingham rental market.
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Washer/Dryer Hookup
- Ceiling Fans
- Kitchen
- Tub/Shower
- Porch
- Vinyl Flooring
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 3 | $700.00 | 902 |
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2208 Avenue G
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