Bessemer, AL 35020,200 3RD AVENUE N
Bessemer, AL 35020,200 3RD AVENUE N
Bessemer, AL 35020,200 3RD AVENUE N
10
$265,000
$395,000
32.9%
Est.Price: ?

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2 BD
1 BA

200 3RD AVENUE N Bessemer, AL 35020

Est. payment /mo
SOLD DATE : 07/07/2025

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Connie Alexander Jacks

Connie Alexander Jacks

+1(205) 213-5388

Our team is ready to help you sell your home for the highest possible price ASAP

Key Details

Sold Price $265,000

Property Type Multi-Family

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

Subdivision Bessemer

MLS Listing ID 21419141

Sold Date 07/07/25

Bedrooms 2

Full Baths 1

Year Built 1920

Property Sub-Type Apartment

Property Description

INVESTOR ALERT! Incredible opportunity to add 9 cash-flowing doors to your portfolio! This unique package includes 3 single-family homes and 3 duplexes (9 total units), all situated on one parcel: 200, 202, 204, 206, 208, 210, 212, 214 & 218 3rd Ave N. These properties crush the 1% rule, with a combined ARV Market Rent of $7,425/month and a price tag of just $395,000. Each 2 bed / 1 bath unit has an ARV Market Rent of $825/month. Current occupancy includes three rented units bringing in $2,215/month (one at $825, two at $695). Some of the vacant units need some work to make them rent ready, approx $3,000 each per seller, but a lot of updates have already been made: including several new roofs, HVAC systems, flooring, all exterior paint, appliances, water heaters, and more. TENANTS PAY ALL UTILITIES! Whether you're a seasoned investor or just expanding your portfolio, this is a high-yield opportunity you don't want to miss!

Location

State AL

County Jefferson

Area Bessemer, Hueytown, Pleasant Grove, Oak Grove

Interior

Heating Central Control (HEAT), Electric (HEAT)

Cooling Central Control (COOL)

Flooring Vinyl, Wall-to-Wall Carpet

Exterior

Parking Features 2 Spaces per Unit, On Street Parking

Building

Foundation Crawl Space

Sewer Connected

Water Public Water

Schools

Elementary Schools Jonesboro

Middle Schools Bessemer City

High Schools Bessemer City

Others

Financing Cash

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Listed by Keller Williams Realty Vestavia
Bought with Keller Williams Realty Vestavia

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