2028 Highland Ave Birmingham, AL 35205

Property Details for 2028 Highland Ave

Year built

1898

Lot size

0.32 lot acres

Property size

12,000 SF

Property type

Bed & breakfasts

APN

2800062026005.000

Description

This stunning, fully restored 1898 Victorian mansion, listed on the National Historic Registry, presents a unique investment opportunity in Birmingham, Alabama's vibrant Five Points Historic District. Boasting 12,000 square feet across four stories, this property includes ten guest rooms (four suites sleeping 3-4 guests each, and six bedrooms sleeping two guests each), fourteen bathrooms, and owner's quarters. The meticulously restored interior features eight Victorian fireplaces, four chimneys, and a breathtaking circular staircase with original stained glass. Exterior highlights include a wraparound limestone veranda, limestone window lintels and sills, and a well-appointed brick exterior. The property underwent a complete renovation (2011-2013) adhering to International Building Code standards, incorporating modern electrical, plumbing, and mechanical systems. Located near UAB and five hospitals, the B&B benefits from proximity to approximately 41 restaurants and entertainment venues. The property sits on a 0.32-acre lot, zoned B2, and offers a 7.30% cap rate with a current NOI of $165,000. Conveniently located approximately 0.4 miles from Highway 280, 1.3 miles from I-65, 2.9 miles from I-20, and 7.5 miles from Birmingham Shuttlesworth International Airport. The APN is 2800062026005.000. This is a value-add investment with significant potential.