1825 15th Ave N - Apartments FOR SALE


Birmingham, AL 35234
$1,090,000 USD
205-969-8910
1825 15th Ave N, Birmingham, AL for Sale
$1,090,000 USD
Apartments - FOR SALE
1/19
null | Request Cap Rate

1825 15th Ave N
Birmingham, AL 35234


HIGHLIGHTS

  • Location! 1 Mile from Top Golf and Protective Stadium

OVERVIEW

NEWLY RENOVATED 18 UNIT BUILDING - Located in the Fountain Heights Area, less than 3 minutes off I-65. Units offer 2 bedrooms and 1 full bath. Includes eat in kitchen, dining room/living room combo and Washer/Dryer connections. Conveniently located near interstates, Uptown District, shopping areas. 15 of the 18 units have been fully renovated. Three are gutted ready for new finishes. After repair rental rate $800/mo per unit. Property will continue to lease up while listed. 5/18 units leased as of 9/4/24. Due to recent renovation and lease up efforts, no historical financials exist.

FOR SALE DETAILS

PRICE

$1,090,000 USD

PRICE/SF

$90 USD /SF

# OF UNITS

18

PRICE/UNIT

$60,556

CAP RATE

Request Cap Rate

% LEASED

28%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1990

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.58 AC

LAND SF

25,329 SF

ZONING

CR6

APN/PARCEL ID

22-00-26-1-025-002.000

ASK ABOUT THIS PROPERTY

Blake ShultzARC RealtyMore Info
205-969-8910

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Blake ShultzARC RealtyMore Info
205-969-8910

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