1949 Riva Ridge Rd Helena, AL 35080
- Residential income homes
Current Use by Public Records
- Residential income homes
Property Details for 1949 Riva Ridge Rd
- Property type
- Residential income homes
Description
This exceptional investment opportunity presents an 11-unit single-family rental portfolio situated across highly desirable Birmingham, Alabama suburbs: Trussville, Helena, Alabaster, Pelham, and Leeds. Boasting 100% occupancy, this portfolio offers immediate cash flow with strong potential for future appreciation. Each of the eleven individual buildings is a single-family home, located in areas known for excellent schools and strong community appeal. The portfolio benefits from its location in rapidly growing communities with high rental demand, particularly Trussville, experiencing significant population growth and a shortage of affordable owner-occupied housing. Alabaster and Pelham are prized for their top-rated school systems and convenient access to Birmingham's employment centers. Leeds offers a blend of suburban tranquility and proximity to both Birmingham jobs and recreational opportunities. The portfolio is currently managed, with no Section 8 tenants. Detailed financial information, including HVAC and roof ages, and recent capital expenditures, is available upon request. This is a turnkey investment ideal for those seeking a stable, high-performing rental portfolio in a thriving market. The asking price is $2,255,100.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Helena
- County
- Shelby
- State
- Alabama
- Longitude
- -86.833241494844
- Latitude
- 33.276918661605
