1850 17Th Ct Birmingham, AL 35234
Birmingham, AL Multifamily Investment
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 136
Highlights
- Six-unit apartment building in Birmingham, AL, totaling 3,696 square feet on a 0.52-acre lot.
- Recently renovated (2023) Class B property with R-3 zoning.
- Currently 83.3% occupied, projecting full occupancy by October 23, 2024, generating a $28,700 pro-forma NOI and a 6.38% pro-forma cap rate.
- Asking price: $450,000 ($121.75/SF), with each unit priced at $75,000.
- Located in the Druid Hills neighborhood, near UAB, St. Vincent's Hospital, and major interstates. APN: 22 00 26 1 004 003.000.
Property Details for 1850 17Th Ct
- Property type
- Apartment buildings
- Square Feet
- 3,696 SF
- Class
- B
- Year Built/Renovated
- 1960/2023
- Buildings
- 1
- Stories
- 1
- Lot Size (sq. ft)
- 22,651 SF
- Units
- 6
Location Insight
- City
- Birmingham
- County
- Jefferson
- State
- Alabama
- Latitude
- 33.534548509889
- Longitude
- -86.820151878746
Nearby Similar for Sale
FAQs
- What type of property is this?
- Apartment building - Birmingham, AL Multifamily Investment
- Where is the apartment building located?
- The property is located at 1850 17Th Ct Birmingham, AL.
- What is the asking price?
- The asking price for this property is $450,000.
- What are key features of this property?
- This property features: Six-unit apartment building in Birmingham, AL, totaling 3,696 square feet on a 0.52-acre lot.; Recently renovated (2023) Class B property with R-3 zoning.; Currently 83.3% occupied, projecting full occupancy by October 23, 2024, generating a $28,700 pro-forma NOI and a 6.38% pro-forma cap rate.
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