1316 16th St S, Birmingham, AL 35205

Property Description

**INVESTOR OPPORTUNITY IN SOUTH BIRMINGHAM!** This spacious 2,836 SF triplex is offered at $400,000 and features three income-producing units with an estimated total rental potential of $3,242/month ($38,904 annually, subject to change). The main level includes a 2BR/1BA and 1BR/1BA, each approximately 1,003 SF, while the 830 SF basement features an additional 2BR/1BA. All units are currently vacant, giving a new owner the opportunity to establish their own tenant base and leasing strategy. Recent improvements include kitchen and bathroom renovations. The upstairs units showcase impressive 12-foot ceilings, hardwood floors throughout, and tile in the kitchens and baths. The basement offers 8-foot ceilings and concrete floors. Built in 1910, the property also features street parking and a beautiful weeping willow in the rear common area. A compelling opportunity for investors seeking a multifamily property with existing updates and potential to optimize rental income.