5368 Balboa Ave, Pinson, AL 35126
- Residential income homes
Current Use by Public Records
- Residential income homes
Property Details for 5368 Balboa Ave
- Property type
- Residential income homes
Description
This exceptional seven-unit single-family rental portfolio presents a compelling value-add investment opportunity. Located across multiple cities and counties in central Alabama, including Pinson, Dixiana, Birmingham, Center Point, and Anniston, this portfolio boasts 100% occupancy and a strong pro-forma NOI of $76,751, translating to a 7.14% pro-forma cap rate. The portfolio comprises seven individual buildings, each a single-family residence, with an average price per unit of $153,571.43. The asking price for the entire portfolio is $1,075,000. Prior to current occupancy, the homes underwent repairs, minimizing deferred maintenance. However, there remains potential for further value enhancement through market rent adjustments on long-term tenants. This diversified portfolio mitigates typical landlord risks by offering a spread of home values and tenant demographics across various municipalities within a robust Alabama rental market. The properties are classified as Class B multifamily investments. Specific addresses are available upon request. This is an ideal acquisition for both seasoned investors seeking portfolio expansion and new investors building their initial holdings.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Pinson
- County
- Jefferson
- State
- Alabama
- Longitude
- -86.642628701631
- Latitude
- 33.664031762253
