$499,900

524 VANDERBILT STREET, Birmingham, AL 35206

  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1963
  • Property Lot Size Icon —— sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 1 day ago

Property Description

Great value-add multifamily opportunity in the growing East Lake area. This 12-unit apartment building features all 2BR/1BA units, with 9 units vacant and 3 currently occupied. Several major exterior improvements have already been completed, including a new roof, new rear steps and deck, fresh exterior paint, and repaired soffit and fascia. Seller states all A/C units are in working condition. Work has already begun, and a full scope of work and bid for the remaining interior renovations can be provided. A certified appraisal reflecting an ARV of $860,000 has been completed. Proforma rent is $875–$925 per unit. Remaining renovation needs include: light plumbing and electrical updates where needed, interior paint, new flooring, cabinets and countertops, and updated tubs, toilets, and vanities in each unit. Ideal opportunity for an investor looking to complete the renovation and reposition this property in a rapidly improving area.

Listing Status:
Active
Date Added:
December 4, 2025 at 06:00AM
Listing Office:
eXp Realty, LLC Central : 888-923-5547
Listing Agent:
Adam Snow : (256) 591-9009
MLS ID:
21438197
  • Flooring: LaminateTileVinyl
  • A/C: Central Control (COOL)
  • Heating: Electric (HEAT)
  • Parking: Other
  • General: BrickSlab
  • County: Jefferson
  • Zoning: LOT 10 BLK 2 RUGBY GARDENS SUR23-00-14-2-020-022.000
  • Water: Public Water
  • Sewer: Connected

This listing courtesy of Adam Snow, eXp Realty, LLC Central

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

R

Robinson Elementary School

8400 1st Ave S, Birmingham, AL, 35206

Grades KG-5

0.98 miles away

O

Ossie Ware Mitchell Middle School

501 81st St S, Birmingham, AL, 35206

Grades 6-8

0.52 miles away

W

Woodlawn High School

5620 1st Ave N, Birmingham, AL, 35212

Grades 9-12

2.17 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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#21391447 - eXp Realty, LLC Central