NOT LISTED FOR SALE

316 Oporto Madrid Blvd S Birmingham, AL 35206

Eastlake Neighborhood
14 Beds
8 Baths
6,358 Sq Ft
9,583 Sq Ft Lot

Last Sold January 16, 2024

Last sale price $405,000 $64 Per Sq Ft

8 Days on Market

Highlights

  • Tile Flooring
  • Central Air
  • Heating Available

About This Home

As of January 2024

Presenting a rare find at 316 Oporto Madrid Blvd S, Birmingham: a fully occupied 8-unit property blending stable income with significant growth potential. Each unit offers generously sized bedrooms and elegant LVP flooring. Discover the upgraded finishings in half of the units, featuring modern kitchens, new water heaters, granite countertops, and more. All 8 units have reliable, long-term tenants, ensuring consistent cash flow. With 7 new HVAC systems, this property promises low maintenance costs. What sets this investment apart is its balance of immediate returns and future appreciation opportunities. As the area grows, so does your potential for increased value, making this not just a purchase but a strategic asset. Ideal for both new and seasoned investors, this property is a gateway to a robust portfolio in Birmingham's vibrant market. Seize the opportunity to own a property that offers the best of both worlds - current stability and the opportunity of appreciation.

Last Listed By

Sean Zweifel

Real Broker LLC License #156849 Listed on: 12/28/2023

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $4,265

Year Built

  • Built in 1983

Lot Details

  • 9,583

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Siding

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Tile

Schools

  • Barrett Elementary School
  • Putnam Middle School
  • Woodlawn High School

Utilities

  • Central Air
  • Heating Available
  • Electric Water Heater

Listing and Financial Details

  • Tenant pays for cable/tv connect (tenant), electric (tenant), water/sewer (tenant)
  • The owner pays for trash collection (owner)

Community Details

Overview

  • 8 Units

Building Details

  • Operating Expense $24,000
  • Gross Income $55,000

Property Details

Home Type

Apartment

Est. Annual Taxes

$4,265

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Class: MULTIFAMILY
  • Down Payment Assistance: No
  • Property Type: Apartment
  • Year Built Description: Existing
  • Year Built: 1983
  • Price Per Sq Ft: 1
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1983

Interior Features

  • Floors: Laminate, Tile, Wall-to-Wall Carpet
  • Miscellaneous: Resident Manager

Exterior Features

  • Construction: Brick, Siding
  • Foundation: Slab
  • Water Heater: Electric (WTRHTR)

Garage/Parking

  • Parking: 2 Spaces per Unit

Utilities

  • Heating: Electric (HEAT)
  • Cooling: Central Control (COOL), Electric (COOL)
  • Sewer/Septic System: Connected
  • Water: Public Water

Condo/Co-op/Association

  • Total Units: 8

Schools

  • Elementary School: BARRETT
  • Middle School: PUTNAM, W E
  • High School: WOODLAWN

Lot Info

  • Assessor Parcel Number: 23-00-14-2-032-016.000

Rental Info

  • Owner Pays: Trash Collection (OWNER)
  • Tenant Pays: Cable/TV Connect (TENANT), Electric (TENANT), Water/Sewer (TENANT)

Tax Info

  • Tax District: BIRMINGHAM
  • Annual Tax: 4265

Multi Family

  • Expenses: 24000
  • Gross Income: 55000

MLS Schools

  • Elementary School: BARRETT
  • High School: WOODLAWN
  • Jr Middle School: PUTNAM, W E

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/16/2024 01/16/24 Sold $405,000 -10.0% $64 / Sq Ft
12/28/2023 12/28/23 For Sale $450,000 -- $71 / Sq Ft
Source: Greater Alabama MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Sean Zweifel

    Seller's Agent in 2024

    Sean Zweifel

    Real Broker LLC

    (720) 240-6786

    1 in this area

    47 Total Sales

    Sean Zweifel
    Section Image
  • Zach Jackson

    Buyer's Agent in 2024

    Zach Jackson

    Real Broker LLC

    (901) 734-0170

    2 in this area

    36 Total Sales

    Zach Jackson
    Section Image
  • Taylor Jackson

    Buyer Co-Listing Agent in 2024

    Taylor Jackson

    Real Broker LLC

    (205) 308-8887

    2 in this area

    313 Total Sales

    Taylor Jackson
    Section Image

  • V

    Buyer Co-Listing Agent in 2024

    VERKINA PARRISH

    Berkshire Hathaway HomeServices Georgia Properties

See All Agents

Map

Source: Greater Alabama MLS

MLS Number: 21373334

Greater Alabama MLS

APN: 23-14-2-032-016.000-RR-02

Alabama Jefferson County Birmingham 35206 Eastlake

316 Oporto Madrid Blvd S, Birmingham, AL

Homes for Sale in Birmingham, AL

This home is located at 316 Oporto Madrid Blvd S, Birmingham, AL 35206 since 28 December 2023. This property was built in 1983. 316 Oporto Madrid Blvd S is a home located in Jefferson County with nearby schools including Barrett Elementary School, W.E. Putnam Middle School Magnet, and Woodlawn High School-Magnet.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Greater Alabama MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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