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Property profile & analytics
OFF-MARKET
Residential income homes

3124 6Th Ave Bessemer, AL 35020

Built 1948
Property ID
US03-0333316
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Residential income homes
Year built 1948
UPID US03-0333316
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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