5368 Balboa AvePinson, AL 35126

Property Details for 5368 Balboa Ave

Property type

Investment properties

Property subtype

Multifamily properties

Description

This exceptional seven-unit single-family rental portfolio presents a compelling value-add investment opportunity. Located across multiple cities and counties in central Alabama, including Pinson, Dixiana, Birmingham, Center Point, and Anniston, this portfolio boasts 100% occupancy and a strong pro-forma NOI of $76,751, translating to a 7.14% pro-forma cap rate. The portfolio comprises seven individual buildings, each a single-family residence, with an average price per unit of $153,571.43. The asking price for the entire portfolio is $1,075,000. Prior to current occupancy, the homes underwent repairs, minimizing deferred maintenance. However, there remains potential for further value enhancement through market rent adjustments on long-term tenants. This diversified portfolio mitigates typical landlord risks by offering a spread of home values and tenant demographics across various municipalities within a robust Alabama rental market. The properties are classified as Class B multifamily investments. Specific addresses are available upon request. This is an ideal acquisition for both seasoned investors seeking portfolio expansion and new investors building their initial holdings.

Location Insight

City

Pinson

County

Jefferson

State

Alabama

Latitude

33.664

Longitude

-86.6426

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