5710 Monte Sano Rd Birmingham, AL 35228

This exceptional multifamily investment opportunity presents a stabilized, 30-unit apartment complex located at 5710 Monte Sano Rd, Birmingham, Alabama, 35228. The property, encompassing 4.15 acres and consisting of seven single-story buildings, offers a mix of 20 one-bedroom/one-bathroom and 10 two-bedroom/one-bathroom units. Currently boasting a 94% occupancy rate, the complex generates substantial income. One-bedroom units average $750 in monthly rent, while two-bedroom units command $900. Extensive renovations, completed between 2018 and 2024, have modernized all units, including new windows, HVAC systems, interior paint, laminate flooring, updated kitchens and bathrooms, and kitchen appliances (stove, refrigerator, and microwave). On-site laundry facilities add to the convenience. The property is zoned R5 and features a pro-forma cap rate of 7.00%. The asking price is $2,400,000, representing a price per unit of $80,000. Built in 1950, this Class C property presents a compelling investment opportunity in a thriving Birmingham location. The property's strong occupancy and recent renovations ensure a stable and potentially appreciating asset. This is a turnkey operation ready for immediate income generation.