5591-5593 Surrey Lane, Birmingham, AL 35242

$484,900
6
BD
6
BA
3,256
SqFt

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List Price
$484,900
MLS#
177885
Status
ACTIVE
County
Shelby
City
Birmingham
Bedrooms
6
Bathrooms
6
Half-baths
2
Living Area
3,256
Acres
0.68
Property Subtype
Duplex

Property Description

Turnkey duplex with built-in rent growth in a sought-after location. Two spacious 3 bedroom, 2.5 bath units, both occupied by tenants in place 4-5 years, now month-to-month at $1,500/month each ($3,000/month gross). Rents increase to $1,700 per unit in 2027 ($3,400/month gross) and remain well below market, with plenty of upside. Each side has a functional two-story layout with generous living space. Month-to-month terms give a new owner flexibility: keep the established income, or plan for owner occupancy or multigenerational living. Zoned for Oak Mountain schools with Shelby County property taxes. Just off Cahaba Valley Road/Hwy 119, with quick access to Hwy 280, shopping, dining, and greater Birmingham. Income-producing from day one, with room to grow!

Additional Information

Days on Market
1
Year Built
1979
Stories
2
Interior Features
Separate/Formal Dining Room
Cooling
Central Air, 2 Units
Heating
Multiple Heating Units, Natural Gas
Roof
Composition, Shingle
Pool Description
Above Ground
Elementary School
Other
Middle School
Other
High School
Other

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Calculator source: Real Geeks

Listing courtesy of Keller Williams Hoover.