Investor alert! With $1,450/mo rent already in place through Jan. 2027, this 3/2 Center Point brick home delivers an estimated 6.4% cap rate and a gross rent multiplier of 11.26x on a fully renovated asset in the Birmingham metro area. At $108/sqft, you're acquiring cash-flowing real estate well below replacement cost.
No deferred maintenance. No repositioning needed. The property was fully renovated in 2023 with new roof, HVAC, plumbing, electrical, & interior finishes throughout. On a 0.4-acre fenced lot with a detached 2-car garage, this is a long-term hold with minimal near-term capex exposure. Day 1 cash flow, no vacancy costs or turnover risk. Whether you're building a portfolio or adding a stabilized sfr to your existing holdings, this is a clean, numbers-driven acquisition.
Property Features
Parking
Attached
Concrete
Driveway
Garage
Cooling Information
Ceiling Fan(s)
Electric
House Interior
Ceiling Fan(s)
Vaulted Ceiling(s)
Utilities
Cable Available
Sewer Connected
Heating Information
Electric
Water Features
Public
Garage
1
School Information
School Information for 2124 3rd Street, Centerpoint, AL 35215
Elementary School
Centerpoint
Middle School
Erwin
High School
Erwin
Listing Courtesy: HAMNER REAL ESTATE - 205-345-0654