Turnkey Duplex Income
1222 10th N Avenue Birmingham, AL 35203
1222 10th N Avenue, Birmingham, AL, 35203
$210,000
For Sale
$210,000
Renovated Birmingham duplex with two occupied units, each with dedicated laundry, offering turnkey income for investors.
Property Size1,220 SF
Price / SF$172.13
Days on Market56
Property Features for 1222 10th N Avenue
General Information
- Standard status
- Active
- Size
- 1,220 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1930
Listing Agency
Keller Williams Realty Hoover
(205) 965-1434
Listed by
Corey Curtin
(205) 965-1434
Source
Exitrealty
Added: May 22 Checked: Jul 15 at 9:18 pm
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty Hoover
Investment Insights
Based on property information with market context.
This turnkey duplex is configured as two spacious, single-family-style residences, with both sides currently occupied by Section 8-supported tenants. Each unit includes dedicated laundry areas and has been extensively renovated with major updates throughout, including plumbing, electrical, roof, HVAC systems, water heaters, flooring, kitchens, bathrooms, and fixtures. The result is a low-maintenance setup designed for day-to-day operating reliability.
Located in central Birmingham, the property offers convenient access to Downtown Birmingham and quick connections to I-65, I-20, and I-59 for commuting across the metro area.
For investors seeking a renovated residential income asset with tenants already in place, this duplex provides a straightforward, turnkey option. The unit-by-unit improvements and dedicated laundry areas support functional, tenant-friendly living, while the existing occupancy by Section 8-supported residents may help simplify initial rent-collection logistics.
Located in central Birmingham, the property offers convenient access to Downtown Birmingham and quick connections to I-65, I-20, and I-59 for commuting across the metro area.
For investors seeking a renovated residential income asset with tenants already in place, this duplex provides a straightforward, turnkey option. The unit-by-unit improvements and dedicated laundry areas support functional, tenant-friendly living, while the existing occupancy by Section 8-supported residents may help simplify initial rent-collection logistics.
Key Highlights
- Turnkey duplex in Birmingham built in 1930 with two occupied units
- Each unit offers over 1,200 sq ft and includes a dedicated laundry area
- Extensive renovations include plumbing, electrical, roof, HVAC, water heaters, flooring, kitchens, bathrooms, and fixtures
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $14.8k | $12.12 |
| − Vacancy | −$1.4k | −$1.12 |
| EGI | $13.4k | $11.00 |
| − OpEx | −$4.0k | −$3.30 |
| NOI | $9.4k | $7.70 |
1,220 SF · lease $12.12/SF/yr · vacancy 9.21% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$134.2K
$117.5K – $156.6K
NOI $9,397 @ 7.0% cap · market cap 4.47%
Second Best
Apartment 5plus
$125.7K
$110.0K – $146.6K
NOI $8,798 @ 7.0% cap · market cap 4.19%
Theoretical Best
Office A
$286.4K
$250.6K – $334.1K
NOI $20,045 @ 7.0% cap · market cap 9.55%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Renovated Birmingham duplex with two occupied units, each with dedicated laundry, offering turnkey income for investors.
Where is this duplex located?
The property is located at 1222 10th N Avenue Birmingham, AL.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: Turnkey duplex in Birmingham built in 1930 with two occupied units; Each unit offers over 1,200 sq ft and includes a dedicated laundry area; Extensive renovations include plumbing, electrical, roof, HVAC, water heaters, flooring, kitchens, bathrooms, and fixtures
