3124 6Th Ave Bessemer, AL 35020

Property Details for 3124 6Th Ave

Year built

1948

Property type

Residential income homes

Description

This exceptional investment opportunity features a portfolio of three single-family rental homes, offering immediate cash flow and strong long-term potential. Two properties are located in Bessemer, Alabama, a city experiencing revitalization and offering proximity to Birmingham's amenities while maintaining affordability. The third property is situated in Tuscaloosa, Alabama, benefiting from the robust economy and cultural vibrancy associated with the University of Alabama. All three houses, built between 1948 and 1978, underwent renovations in 2020. Currently 100% occupied since November 6, 2024, the properties generate substantial rental income: one house commands $1,000 per month, another $1,150, and the third $1,100. Tenants are responsible for their utilities. A third-party property manager is currently utilized. This stabilized investment presents a rare opportunity to acquire a diversified, high-performing rental portfolio in desirable Alabama locations, offering both immediate returns and significant long-term growth potential. The portfolio's location in Bessemer and Tuscaloosa provides access to a variety of amenities, including parks, lakes, and the cultural attractions of a major university. Alabama's relatively low property taxes further enhance the investment's attractiveness. This is a turnkey operation, ready for a new owner to step in and begin profiting from this established rental income stream. The asking price is $365,000.