Portfolio opportunity featuring 1351 Glenwood St NW, offered only as part of a two-property package with 925 Garywood Pl. This tenant-occupied 3 bedroom, 1 bath single-family residence offers buyers the opportunity to add an occupied rental property to their investment portfolio. Seller is not willing to divide the package. Please do not disturb tenants.
Investor alert! With $1,450/mo rent already in place through Jan. 2027, this 3/2 Center Point brick home delivers an estimated 6.4% cap rate and a gross rent multiplier of 11.26x on a fully renovated asset in the Birmingham metro area. At $108/sqft, you're acquiring cash-flowing real estate well below replacement cost. No deferred maintenance. No repositioning needed. The property was fully renovated in 2023 with new roof, HVAC, plumbing, electrical, & interior finishes throughout. On a 0.4-acre fenced lot with a detached 2-car garage, this is a long-term hold with minimal near-term capex exposure. Day 1 cash flow, no vacancy costs or turnover risk. Whether you're building a portfolio or adding a stabilized sfr to your existing holdings, this is a clean, numbers-driven acquisition.
Centerpoint is located in Alabama. Centerpoint, Alabama has a population of 101,117.
The median household income in Centerpoint, Alabama is $39,403. The median household income for the surrounding county is $58,330 compared to the national median of $69,021. The median age of people living in Centerpoint is 36.2 years.
The average high temperature in July is 90.4 degrees, with an average low temperature in January of 32.3 degrees. The average rainfall is approximately 55.7 inches per year, with 1.3 inches of snow per year.
