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For sale
  • $395,000

    200 3rd Ave N, Bessemer, AL 35020

    2beds
    714sqft
    : 
    Apartment
    Built in 1920
    -- sqft lot
    $-- Zestimate®
    $553/sqft
    $-- HOA

    What's special

    New roofsExterior paint
    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!
    34 days
    on Zillow
    |
    153
    |
    6
    |

    Zillow last checked: 7 hours ago

    Listing updated: May 26, 2025 at 07:38am

    Listed by:

    John Street 205-821-2572,

    Keller Williams Realty Vestavia

    Source: GALMLS,MLS#: 21419141MLS Logo
    Travel times

    Tour with a buyer’s agent

    We’ll find a local expert to take you on a private tour of 200 3rd Ave N.

    Next available tour time:Today at 11am

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 1
    • Full bathrooms: 1
    Heating
    • Central, Electric
    Cooling
    • Central Air
    Appliances
    • Included: Cooktop, Electric Water Heater
    • Laundry: Washer/Dryer Connection
    Features
    • Flooring: Vinyl, Carpet
    • Basement: Crawl Space
    Interior area
    • Total interior livable area: 714 sqft
    Video & virtual tour

    Property

    Parking
    • Parking features: 2 Spaces per Unit, On Street
    • Has uncovered spaces: Yes
    Details
    • Parcel number: 3800163009002.000
    • Special conditions: As Is

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Apartment
    Materials
    • Frame
    Condition
    • Year built: 1920

    Utilities & green energy

    • Water: Public
    • Utilities for property: Sewer Connected

    Community & HOA

    Community
    • Subdivision: Bessemer
    Location
    • Region: Bessemer

    Financial & listing details

    • Price per square foot: $553/sqft
    • Price range: $395K - $395K
    • Date on market: 5/16/2025
    • Tenant pays: All Utilities
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