Repositioned Downtown Income Asset Proven Revenue + Flexible Use Strategically repositioned to align with current yield expectations, this fully furnished 1, 040 SF top-floor unit offers documented short-term rental performance with recent annual revenue around $30, 000. No rental restrictions allow continued STR operation, mid-term rental, long-term furnished leasing (approx. $2, 200/month potential), or future owner-occupant use providing operational and exit flexibility. Sold turnkey and fully furnished for immediate income. HOA is $245/month and includes gas and water/sewer, creating predictable operating costs. Separate den/office area enhances rental appeal. Top-floor location with no upstairs neighbors. Seller offering up to a $10, 000 Buyer Choice Incentive toward rate buydown, closing costs, or price adjustment. A stabilized downtown asset at a repositioned basis with built-in optionality.
Property Features
Bedrooms
Bathrooms
- Total Bathrooms: 1 / 0
- Full Bathrooms: 1
Interior Features
- Security System
- Interior Amenities: Walk-In Closets
- Ceilings: 9 Feet +
- Flooring: Concrete
- Window Features: All
Appliances
- Cooktop-Electric
- Dishwasher Built-In
- Microwave Built-In
- Oven-Electric
- Self-Cleaning
- Refrigerator
- Some Stainless Appl
- Laundry Features: Washer Hookup, Laundry Space: Room, Laundry Dryer Hookup: Dryer-Electric, Laundry Location: Laundry (MLVL)
Kitchen and Dining
- Kitchen Countertops: Stone (KIT)
- Breakfast Bar
- Eating Area
Other Rooms
- Kitchen Level: 1
- Living/Dining Level: 1
- Bedroom Level: 1
- Full Bath Level: 1
- Laundry Level: 1
Heating and Cooling
- Cooling Features: Heat Pump
- Heating Features: Heat Pump
- Water Heaters: Gas (WTRHTR)
Garage and Parking
- Garage Description: Detached, Off Street Parking, On Street Parking
School Information
- Elementary School: WHATLEY
- High School: CARVER
- Middle School: WHATLEY
Homeowners Association
- Association Fee Includes: Gas (FEE), Common Grounds Mntc, Insurance-Building, Management Fee, Reserve for Improvements, Sewage Service, Utilities for Comm Areas, Water
Other Property Info
- Source Listing Status: Active
- County: Jefferson
- Directions: From 31N take exit for 1st Ave N, turn left onto 1st Ave N, turn left onto 23rd St N, turn left onto Morris Ave.
- Source Property Type: RESIDENTIAL
- Area: Downtown Birmingham, Southside
- Property Subtype: condo
- Source Neighborhood: MORRIS AVENUE
- Parcel Number: 22.00.36.1.020.008.308
- Subdivision: MORRIS AVENUE
- Flood Plain: No
- Property Subtype: Condo
- Source System Name: C2C
Building and Construction
- Total Square Feet Living: 1039
- Year Built: 1910
- Construction Materials: 4 Sides Brick
- Entry Level: 3
- Foundation Details: Slab
- Living Area Source: Per Tax Report
- Property Age: 116
- Levels or Stories: 1-Story
- Total Area Main: 1039
- Year Built Details: Existing
Utilities
- Sewer: Connected
- Water Source: Public Water
Home Features
- Energy: Ceiling Fans, Energy Star Appliances, LED Lighting, Programmable Thermostat
