1212 21st Ave N - Multi-Family FOR SALE


Birmingham, AL 35204- Acipco-Finley
$350,000 USD
775-219-7452
1212 21st Ave N, Birmingham, AL for Sale
$350,000 USD
Multi-Family - FOR SALE
1/5
null | 6.69% Cap Rate

1212 21st Ave N
Birmingham, AL 35204
Acipco-Finley


HIGHLIGHTS

  • 1212 21st Avenue N presents a six-unit multifamily building with all units being a two-bedroom / one-bath layout.
  • In Birmingham's Acipco-Finley neighborhood, a historic community with rich history.
  • The property has a history of strong occupancy, presenting upside to raise rents and add modern features.
  • The property is peacefully surrounded by other multifamily and single-family residences for a community-driven environment.

OVERVIEW

1212 21st Avenue N is a six-unit, two-bedroom/ one-bath apartment building located in Birmingham, Alabama. This property is an excellent investment acquisition with upside potential, with one vacancy to fill and the opportunity to increase rent. The existing income is stable for new ownership to acquire. The property requires very little deferred maintenance and sets up well for an investor seeking smaller multifamily assets to add to their portfolio.

FOR SALE DETAILS

PRICE

$350,000 USD

PRICE/SF

$94 USD /SF

# OF UNITS

6

PRICE/UNIT

$58,333

CAP RATE

6.69%

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1973

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,841 SF

ZONING

R3

APN/PARCEL ID

22-00-22-4-019-012.000

ASK ABOUT THIS PROPERTY

Christopher CapurroTimberVine GroupMore Info
775-219-7452

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Christopher CapurroTimberVine GroupMore Info
775-219-7452

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