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Sold for $58,000
  • $58,000

    316 Oporto Madrid Blvd S, Birmingham, AL 35206

    3beds
    1,547sqft
    Apartment
    Built in 1983
    -- sqft lot
    $-- Zestimate®
    $37/sqft
    $1,550 Estimated rent

    Home value

    Not available

    Estimated sales range

    Not available

    $1,550/mo

    Zestimate® history
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    What's special

    Modern kitchensStable income
    Presenting a rare find at 316 Oporto Madrid Blvd S, Birmingham: a fully occupied 8-unit property blending stable income with significant growth potential. Each unit offers generously sized bedrooms and elegant LVP flooring. Discover the upgraded finishings in half of the units, featuring modern kitchens, new water heaters, granite countertops, and more. All 8 units have reliable, long-term tenants, ensuring consistent cash flow. With 7 new HVAC systems, this property promises low maintenance costs. What sets this investment apart is its balance of immediate returns and future appreciation opportunities. As the area grows, so does your potential for increased value, making this not just a purchase but a strategic asset. Ideal for both new and seasoned investors, this property is a gateway to a robust portfolio in Birmingham's vibrant market. Seize the opportunity to own a property that offers the best of both worlds - current stability and the opportunity of appreciation.

    Zillow last checked:

    Listing updated:

    Listed by:

    Sean Zweifel 720-240-6786,

    Freedom Ventures Realty

    Bought with:

    Zach Jackson

    eXp Realty, LLC Central

    Taylor Jackson

    eXp Realty, LLC Central

    Source: GALMLS,MLS#: 21373334MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Electric
    Cooling
    • Central Air, Electric
    Appliances
    • Included: Cooktop, Refigerator, Stove, Electric Water Heater
    • Laundry: Washer/Dryer Connection
    Features
    • Flooring: Laminate, Tile, Carpet
    Interior area
    • Total interior livable area: 1,547 sqft

    Property

    Parking
    • Parking features: 2 Spaces per Unit
    Details
    • Parcel number: 2300142032016.000
    • Special conditions: As Is

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Apartment
    Materials
    • Brick, Siding
    • Foundation: Slab
    Condition
    • Year built: 1983

    Utilities & green energy

    • Water: Public
    • Utilities for property: Sewer Connected

    Community & HOA

    Community
    • Features: Resident Manager
    • Subdivision: East Lake
    Location
    • Region: Birmingham

    Financial & listing details

    • Price per square foot: $37/sqft
    • Tax assessed value: $402,500
    • Annual tax amount: $5,836
    • Price range: $405K - $58K
    • Date on market: 12/28/2023
    • Tenant pays: Cable TV, Electricity, Water/Sewer (TENANT)

    Price history

    DateEventPrice
    10/25/2024Sold$58,000-85.7%$37/sqft
    Source: Public Record Report a problem
    1/16/2024Sold$405,000-10%$262/sqft
    Source: GALMLS #21373334 Report a problem
    1/6/2024Contingent$450,000$291/sqft
    Source: GALMLS #21373334 Report a problem
    1/5/2024Listed for sale$450,000$291/sqft
    Source: GALMLS #21373334 Report a problem
    1/2/2024Contingent$450,000$291/sqft
    Source: GALMLS #21373334 Report a problem
    12/28/2023Listed for sale$450,000+104.5%$291/sqft
    Source: GALMLS #21373334 Report a problem
    9/11/2023Listing removed--
    Source: Zillow Rentals Report a problem
    7/29/2023Price change$650-13.3%
    Source: Zillow Rentals Report a problem
    7/3/2023Listed for rent$750+25%
    Source: Zillow Rentals Report a problem
    7/13/2021Sold$220,000+37.5%$142/sqft
    Source: Public Record Report a problem
    11/21/2018Listing removed$600
    Source: Zillow Rental Manager Report a problem
    8/10/2018Listed for rent$600
    Source: Zillow Rental Manager Report a problem
    4/20/2017Sold$160,000$103/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$5,836 +36.8%$80,500 +36.8%
    2024$4,266 $58,840
    2023$4,266 +33.9%$58,840 +33.9%
    2022$3,186 -16.7%$43,940 -16.7%
    2021$3,824 +22.8%$52,740 +22.8%
    2020$3,113 $42,940
    2019$3,113 +32.3%$42,940 +32.3%
    2018$2,353 -10.8%$32,460 -10.8%
    2017$2,638 +6.7%$36,380 +6.7%
    2016$2,471 $34,080
    2015$2,471 +6%$34,080 +1.6%
    2014$2,331 $33,540
    2013$2,331 $33,540 +0%
    2012$2,331 +5.9%$33,536 +5.9%
    2005$2,201 +2.8%$31,680 +9.3%
    2004$2,142 $28,980
    Find assessor info on the county website

    Neighborhood: East Lake

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Barrett
    • Middle: Putnam, W E
    • High: Woodlawn

    Source: GALMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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