Income-Producing Duplex in
1228 Fulton SW Avenue Birmingham, AL 35211
1228 Fulton SW Avenue, Birmingham, AL, 35211
$125,000
For Sale
$125,000
Duplex with immediate upside potential near downtown Birmingham.
Property Size900 SF
Price / SF$138.89
Days on Market113
Property Features for 1228 Fulton SW Avenue
General Information
- Standard status
- Active
- Size
- 900 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1972
Listing Agency
Bham Realty, LLC
(720) 855-5717
Listed by
Alex Bloomston
(720) 855-5717
Source
Exitrealty
Added: Mar 27 Checked: Jul 17 at 4:59 am
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 Bham Realty, LLC
Investment Insights
Based on property information with market context.
This income-producing duplex features two units. One unit is currently rented for $550 per month to a long-term tenant. Market rents in the area range from $750 to $800 per unit, indicating potential for increased cash flow. Both units are in solid condition and the property is professionally managed. The property is located in a growing area near downtown Birmingham. Both units are separately metered, and the tenant covers all utility charges. The property size is 900 square feet.
Key Highlights
- Income‑producing duplex, one unit currently rented.
- Immediate upside potential: increase rents to $750-$800 per unit.
- Long‑term, on‑time paying tenant in place.
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 | $10.9k | $12.12 |
| − Vacancy | −$1.0k | −$1.12 |
| EGI | $9.9k | $11.00 |
| − OpEx | −$3.0k | −$3.30 |
| NOI | $6.9k | $7.70 |
900 SF · lease $12.12/SF/yr · vacancy 9.21% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$99.0K
$86.7K – $115.5K
NOI $6,932 @ 7.0% cap · market cap 5.55%
Second Best
Apartment 5plus
$92.7K
$81.1K – $108.2K
NOI $6,490 @ 7.0% cap · market cap 5.19%
Theoretical Best
Office A
$211.2K
$184.8K – $246.5K
NOI $14,787 @ 7.0% cap · market cap 11.83%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Duplex with immediate upside potential near downtown Birmingham.
Where is this duplex located?
The property is located at 1228 Fulton SW Avenue Birmingham, AL.
What is the asking price?
The asking price for this property is $125,000.
What are key features of this property?
This property features: Income‑producing duplex, one unit currently rented.; Immediate upside potential: increase rents to $750-$800 per unit.; Long‑term, on‑time paying tenant in place.
