200 3rd Ave N Bessemer, AL 35020
Estimated payment $2,563/month
About This Home
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!
Property Details
Home Type
- Apartment
Est. Annual Taxes
- $4,228
Year Built
- Built in 1920
Parking
- On-Street Parking
Home Design
- Frame Construction
Flooring
- Wall to Wall Carpet
- Vinyl
Basement
- Crawl Space
Schools
- Jonesboro Elementary School
- Bessemer City Middle School
- Bessemer City High School
Utilities
- Central Heating and Cooling System
- Electric Water Heater
Community Details
- 9 Units
- Operating Expense $150
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $4,228 | $61,540 | -- | -- |
| 2022 | $3,010 | $43,820 | $4,340 | $39,480 |
| 2021 | $3,010 | $43,820 | $4,340 | $39,480 |
| 2020 | $3,025 | $43,820 | $4,340 | $39,480 |
| 2019 | $3,010 | $43,820 | $0 | $0 |
| 2018 | $2,214 | $32,220 | $0 | $0 |
| 2017 | $2,214 | $32,220 | $0 | $0 |
| 2016 | $2,214 | $32,220 | $0 | $0 |
| 2015 | $2,939 | $42,780 | $0 | $0 |
| 2014 | $626 | $9,120 | $0 | $0 |
| 2013 | $626 | $9,120 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/16/2025 05/16/25 | For Sale | $395,000 | -- | $61 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $311,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $302,300 | Mortgage Modification |
Source: Greater Alabama MLS
MLS Number: 21419141
APN: 38-00-16-3-009-002.000
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