100 Pinson Pl - Apartments FOR SALE


Birmingham, AL 35215- Echo Highlands
$3,200,000 USD
205-251-1267
100 Pinson Pl, Birmingham, AL for Sale
$3,200,000 USD
Apartments - FOR SALE
1/15
null | 5.09% Cap Rate

100 Pinson Pl
Birmingham, AL 35215
Echo Highlands


HIGHLIGHTS

  • Fully remodeled in 2020
  • Deferred-maintenance risk has been funded already
  • Basis well below replacement cost
  • Located in unincorporated Jefferson County
  • Pitched architectural shingle roof
  • All electric utilities

OVERVIEW

Watts Realty Co., Inc. is pleased to present Hillcrest Apartments, a 44-unit apartment community in Jefferson County, Alabama, built in 1977 and fully remodeled in 2020, sitting on ± 4.6 acres just outside Birmingham.

FOR SALE DETAILS

PRICE

$3,200,000 USD

PRICE/SF

$77 USD /SF

# OF UNITS

44

PRICE/UNIT

$72,727

CAP RATE

5.09%

% LEASED

89%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hillcrest Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1977

PARKING SPACES

62

LAND DETAILS

LAND ACRES

4.6 AC

LAND SF

200,376 SF

ZONING

R-4 / C-1

APN/PARCEL ID

13 00 14 1 000 016.000,13 00 14 2 002 001.000

ASK ABOUT THIS PROPERTY

David WattsWatts Realty Co., Inc.More Info
205-251-1267

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David WattsWatts Realty Co., Inc.More Info
205-251-1267

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