1113 9th Ave SW - Hospitality FOR SALE
Bessemer, AL 35022 |
918-809-5129
1113 9th Ave SW
Bessemer, AL 35022
HIGHLIGHTS
- 113 – fully furnished units
- Fully redeveloped asset with all new unit interiors, mechanicals, electric, plumbing, windows, roofs, etc.
- 15 units with in-unit washer/dryers plus on-site laundry facility.
- Expected completion date in Late February – Early March 2025.
- Year One high-8% cap, with path towards fully stabilized high-9% cap & double-digit yields
- Average Projected Rents of $1,131/unit
FOR SALE DETAILS
BUILDING DETAILS
PROPERTY NAME
Birmingham Apartment Redevelopment
PROPERTY TYPE
Hospitality
TOTAL BUILDING SIZE
-
STORIES
3
ROOM ENTRANCE
Exterior
BUILDING CLASS
C
YEAR BUILT
1973
PARKING SPACES
105
LAND DETAILS
LAND ACRES
2.39 AC
LAND SF
104,108 SF
ZONING
0-1-A1
APN/PARCEL ID
38-19-4-000-004.000-RR-01
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918-809-5129
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918-809-5129
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