2124 3rd Street

Property Details

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.

Features

• Type: SingleFamilyResidence
• Acreage: 0.4
• Garage: Yes
• Interior Features: CeilingFans, SunRoom, CableTv, VaultedCeilings
• Cooling: Electric, OneUnit
• Heating: Electric
• Year Built: 1957
• Appliances: Dishwasher, ElectricOven, ElectricRange, ElectricWaterHeater, RangeHood
• Construction: Brick,VinylSiding
• Fireplace:  FamilyLivingGreatRoom
• Laundry: LaundryCloset
• Levels: One
• Porch/Patio: Deck, Open
• Style: Other
• Roof: Composition, Shingle
• Sewer: Connected
• Utilities: CableAvailable, SewerConnected
• Waterfront:  Yes
• Windows: Blinds