115 Cotton Ave SW - Apartments FOR SALE


Birmingham, AL 35211
$899,900 USD
205-234-2906
115 Cotton Ave SW, Birmingham, AL for Sale
$899,900 USD
Apartments - FOR SALE
1/27
null | Request Cap Rate

115 Cotton Ave SW
Birmingham, AL 35211


HIGHLIGHTS

  • The property features two 4-plex buildings with new electrical and plumbing systems, updated in 2011 for certification
  • All units are fully furnished

OVERVIEW

BUSINESS FOR SALE! Property is being sold with the licensing. Group home and long-term transitory residents. Price includes the 2 buildings as well as tenant agreements and the Group Home Boarding License (Boarding and Rooming). The current owner would transition from manager some time after closing. The tax ID's are combined for both buildings but can be separated, if needed. POSSIBLE: Owner may hold mortgages till 2026: 1 bldg at 3.1% balloon due May 2026 and 2nd at 3.8% balloon due Sept 2026. Listing agent will be present for all showings and must be scheduled with advanced notice. to NDA required prior to release of financials and specifics. Please provide client name to Amy at 651-319-1745, teammbgroup@gmail.com for NDA to be sent to you for client signature. A licensed group home & boarding facility catering to both long-term & transitory residents. Offering single & shared rooms all-inclusive. The property comprises two 4-plex buildings. Both buildings have undergone updates, including new electrical & plumbing systems installed in 2011 for certification. Each unit is fully furnished w/a spacious living room & open dining area connected to a kitchenette. The layout includes 2 bedrooms & 1 full bath. Residents have access to communal dining facilities where 3 meals are provided daily where staff uses a well-equipped kitchen w/a commercial sink for food services. The facility prioritizes residents' comfort offering a secure environment. Lush landscaping surrounds the property, including a grill & social pergola for gathering and chatting. Gated community w/security cameras. Facility features both front & rear entrances to the buildings & a large parking lot ensures easy access for residents & visitors alike. NDA required for more info.

FOR SALE DETAILS

PRICE

$899,900 USD

PRICE/SF

$123 USD /SF

# OF UNITS

8

PRICE/UNIT

$112,488

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.55 AC

LAND SF

23,997 SF

ZONING

R3

APN/PARCEL ID

29-00-03-1-023-001.000

ASK ABOUT THIS PROPERTY

Margie Beth ShawKeller Williams VestaviaMore Info
205-234-2906

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Margie Beth ShawKeller Williams VestaviaMore Info
205-234-2906

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.