6BR Home in Birmingham , AL

About This Property

Prime Lakefront Investment Opportunity Turnkey 6-Bedroom | Seller Financing | Private Dock Address: Login for address, Irondale (Birmingham), AL 35210 Deal Snapshot Seller-Financed Price: $560,000 Down Payment: Contact for details Seller Carry: Contact for details interest 5.9% Monthly P&I: Contact for details 10 Year Total Estimated Monthly Payment: ~Contact for details (all-in) Property Overview Rare 0.68-acre lakefront lot in the desirable Mountain Lake Estates community 6 bedrooms, 4 bathrooms Total living space: 5,135+ sq ft 3,493 sq ft above grade 1,642 sq ft finished daylight basement Versatile layout perfect for: Multigenerational housing Co-living Rental segmentation / multiple income streams Recent Capital Improvements Major upgrades already completed (low immediate CapEx): New roof New HVAC system New windows Renovated kitchen with butcher block counters and stainless steel appliances Updated bathrooms Hardwood flooring Recessed lighting and smooth ceilings Value-Add Features Finished basement with bedroom, full bath, wet bar, and private living area Main-level bonus suite with kitchenette (ideal for in-law suite or rental unit) Two wood-burning fireplaces Attached 2-car garage Covered patio and deck Fenced yard Private dock with approximately 35 ft of waterfront frontage Why This Deal Stands Out Lakefront premium in an undersupplied area Attractive down payment price of ~$121 per sq ft (significantly below nearby comps) Large square footage + flexible layout supports multiple income strategies Recent upgrades = minimal deferred maintenance and stronger early Low down payment with seller financing makes it accessible Market Positioning & Comps Irondale median home price: $281K – $325K Larger 4–5 bedroom homes: $350K – $492K Nearby larger homes: $150–$200+ per sq ft This property: ~$121/sq ft → strong built-in equity potential Lakefront properties consistently command premium pricing and higher demand Rental & Income Potential Average Irondale rents: ~Contact for details – Contact for details Large 5–6 bedroom homes: Contact for details – Contact for details+ Premium lakefront + multiple living areas support top-of-market rents Possible Income Strategies: Long-term family rental Multigenerational leasing Room-by-room co-living Hybrid or short-term rental (verify local regulations) Exit Strategies Hold – Maximize income with flexible layout Refinance Play – Stabilize rents, refinance out of seller financing, and pull equity Retail Exit – Sell to owner-occupant in 12–24 months (strong lakefront demand) Hybrid STR Strategy – Use lake access for premium short-term rental rates

Features & Highlights