500 TUSCALOOSA AVENUE SW, BIRMINGHAM, AL 35211
ARLINGTON · Jefferson County
Key Facts
Description
Welcome to 500 Tuscaloosa Ave a 20-unit income producing apartment complex Birmingham, AL offering immediate cash flow with additional upside potential. This property features all 2/1 units, with 17 units fully renovated between 2022–present. Renovations include updated interiors, new flooring, cabinetry, appliances, and major system upgrades. All renovated units have new HVAC systems and tankless water heaters, providing long-term efficiency and reduced maintenance costs. Currently, the property is primarily stabilized, with:19-income-producing units 1 vacant unit-ready for lease or renovation completion) 2 units positioned for full renovation (value-add opportunity) The property generates strong income, with current rent roll totaling approximately $16,500/month. Additional features include: Washer & dryer connections in units. Updated interiors and systems across majority of units. Consistent rental demand in the area. Professional management currently in place.
Property Information
Property Type
Residential Income
Sub-Type
Apartment
Year Built
1978
Living Area
888 sq ft
Days on Market
50
MLS® Listing#
21449152
Property Features
Interior
Appliances
Cooling
Heating
Flooring
Construction
Water Source
Schools
- Elementary:
- WASHINGTON
- Middle:
- ARRINGTON
- High:
- PARKER
Directions
Highway 59 South, Exit 123 Arkadelphia Rd, Turn Left, Continue onto Princeton Parkway, Turn L onto Lomb Ave, Turn Left onto Tuscaloosa Ave. Complex on the Left.
Affordability Calculator
$380,000
Estimated monthly payment
$10,113/mo
Principal $1,520,000 · Est. interest $2,120,535 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in BIRMINGHAM, AL
- 69
- Median Days on Market
- 1,437
- Median Sq Ft
- $118
- Median Price / Sq Ft
- 1,171
- Active Listings
- Its price per sq ft is 1709% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in BIRMINGHAM, AL.
Location
Points of Interest in BIRMINGHAM, AL
Showing the BIRMINGHAM area map.
Nearby Schools
Ephesus Academy
School · 0.5 mi away
Booker T. Washington K-8 School
Elementary · 0.8 mi away
Hemphill Elementary School
Elementary · 0.8 mi away
Princeton Elementary School
Elementary · 1.1 mi away
A.H. Parker High School
Secondary · 1.2 mi away
Holy Family Cristo Rey Catholic High School
Secondary · 1.2 mi away
Lincoln Middle School
School · 1.3 mi away
Southeastern School of Cosmetology
School · 1.5 mi away
Malachi Wilkerson Middle School
Secondary · 1.5 mi away
Metropolitan Day School
School · 1.6 mi away
Bush Hills STEAM Academy
School · 1.7 mi away
E.P.I.C. Elementary School
Elementary · 1.7 mi away
Tracy's Treasure Daycare
School · 1.7 mi away
Tuggle Elementary School
Elementary · 1.8 mi away
Glen Iris Elementary School
Elementary · 1.9 mi away
Family Sunshine School
School · 2.1 mi away
Adolescent Day Treatment
School · 2.1 mi away
Uab School of Public Health
School · 2.2 mi away
Birmingham City Schools
Secondary · 2.3 mi away
Advent Episcopal School
Elementary · 2.3 mi away
Commute Calculator
Nearby Homes
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Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 136 and 137 59TH STREET, BIRMINGHAM, AL | $1,610,000 | 5 | — | 1,700 |
| 1009 ROYAL MILE, BIRMINGHAM, AL | $1,785,000 | 7 | 6 | 6,557 |
| 2000 MORRIS AVENUE 1800, BIRMINGHAM, AL | $1,899,000 | 5 | 4 | 5,500 |
| 1061 LEGACY DRIVE, BIRMINGHAM, AL | $2,150,000 | 7 | 6 | 6,515 |
| 5 WILD DUNES, BIRMINGHAM, AL | $2,174,000 | 4 | 7 | 5,304 |
| 785 CAVALIER RIDGE, BIRMINGHAM, AL | $2,395,000 | 4 | 5 | 4,500 |
Moving Cost Estimate
EXIT Agents in BIRMINGHAM
Listing Courtesy: First Class Realty Services, L