Investing in real estate has always been a popular choice for those looking to build wealth and secure a steady stream of passive income. If you are an investor searching for a promising opportunity, then this Birmingham investment property for sale may just be what you’re looking for. This property offers a range of features that make it an attractive investment option.
Located on a corner lot, this property boasts a charming 3 bedroom, 1 full bath home with a durable metal roof. The sturdy construction not only adds to the property’s aesthetic appeal but also ensures long-term durability, minimizing maintenance costs for the investor.
One of the standout features of this investment property is the massive upstairs bedroom that is not included in the official bedroom count. This additional space presents an excellent opportunity to maximize rental income. By converting the upstairs area into a separate living space, such as a studio apartment or an extra bedroom, the investor can significantly increase the property’s potential for generating profit.
Furthermore, the property is currently rented out for $640.00 per month, with a tenant in place for over 10 years. This long-term tenancy speaks volumes about the property’s desirability and the reliability of the investment. With a consistent rental history, you can feel confident in the property’s ability to continue generating income without prolonged vacancies or high turnover rates.
Investing in rental properties offers numerous financial benefits. Not only does it provide a steady monthly income, but it also allows investors to build equity over time. As the property appreciates, the investor’s return on investment grows, providing an excellent long-term wealth-building strategy.
Birmingham, Alabama, is a city with a thriving rental market. With a strong economy and a growing population, demand for rental properties remains high. This property’s location on a corner lot adds to its appeal, as it offers potential tenants the advantage of increased privacy and a more spacious living environment.
When considering investment properties, it is crucial to evaluate the property’s potential for growth and appreciation. The Birmingham market has seen a consistent increase in property values over the years, indicating the potential for a favorable return on investment.
In conclusion, this Birmingham investment property for sale presents a compelling opportunity for investors seeking a reliable source of rental income. With its attractive features, including a durable metal roof, a spacious upstairs area, and a long-term tenant, this property is sure to appeal to those looking to expand their real estate portfolio. Additionally, the strong rental market in Birmingham and the potential for property appreciation make this investment even more enticing. Don’t miss out on the chance to secure a profitable investment – act now and consider this excellent property for your portfolio.
2902 COURT Y, BIRMINGHAM, AL 35208