705 Knoxville StBirmingham, AL 35224
- Apartment buildings
- 5,680 SF
Property Details for 705 Knoxville St
- Property size (Sq ft)
- 5,680 SF
- Property type
- Apartment buildings
Description
This 8-unit apartment building in Birmingham, Alabama, presents a compelling value-add investment opportunity. Located just 14 minutes from the city's central business district, the property boasts a total of 5,680 square feet. Each unit offers 710 square feet of living space, featuring two bedrooms and one bathroom with washer/dryer connections. Three units have undergone complete renovations with brand-new finishes and are currently leasing at $1,200 per month. The remaining five units are occupied by month-to-month tenants at below-market rates, offering immediate potential for rental income increases. Recent improvements include a new roof and two new central HVAC units; the remaining units have HVAC systems in good, usable condition (approximately 5-7 years old). The property's history demonstrates strong rental demand and stability, having had only two owners in the past 24 years. This property is priced at $550,000 and offers a significant opportunity for an investor to enhance profitability through lease-up and further renovations. Detailed financial information is available upon request.
Location Insight
- City
- Birmingham
- County
- Jefferson
- State
- Alabama
- Latitude
- 33.5057
- Longitude
- -86.925
Comparable in this City
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].