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    508 Vanderbilt St Birmingham, AL 35206

    For Sale
    $359,000

    Apartment - BIRMINGHAM, AL

    Type:Apartment
    Days on Market:
    319
    Last Refresh:
    Dec 13 at 4:06 pm

    Property Features for 508 Vanderbilt St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Apartment
    Standard status
    Active
    Rooms
    Bathroom 1, Bedroom 1, Bedroom 2
    Bedrooms
    2
    Bathrooms
    1

    Utilities

    Heating system
    Central
    Cooling system
    Central Air, Electric, Multi Units

    Building Details

    Year built
    1960
    Number of units
    4
    Architectural style
    Other

    Premier Vestavia, LLC (205) 397-6500 [email protected]

    Listing agent Luciana Guin (205) 397-6500

    Listing date Jan 29, 2025

    MLS# 21406822 Listing URL

    Copyright © 2025 Greater Alabama MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Eastlake Quadplex Investment Opportunity

    Located just off Oporto Madrid Blvd in Eastlake, this quadplex presents an investment opportunity. Each of the four units features 2 bedrooms and 1 full bath. The units have been recently updated and include a refrigerator and stove. Vinyl plank floors are installed in the living rooms and bedrooms. The occupied units currently average $850 per month in rent. The location provides convenient access to various destinations, and public transportation is readily available.
    Property Profile Location Intelligence

    Current Use by Public Records

    LUMABASE SHOP Christmas Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Birmingham
    County
    Shelby
    State
    Alabama
    Longitude
    -86.720667
    Latitude
    33.558889

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    FAQs

    What type of property is this?
    Quadplex - Updated Eastlake quadplex with strong rental income potential.
    Where is this quadplex located?
    The property is located at 508 Vanderbilt St Birmingham, AL.
    What is the asking price?
    The asking price for this property is $359,000.
    What are key features of this property?
    This property features: - Investment opportunity: **Quadplex property ideal for expanding an investment portfolio.**; - **Recently updated units, minimizing immediate renovation costs.**; - Each unit includes a refrigerator and stove.
    (205) 397-6500
    Request Owner's contact information
    508 Vanderbilt St Birmingham, AL 35206
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    Birmingham, AL 35206
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    508 Vanderbilt St Birmingham, AL 35206
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