137 59th St N - Apartments FOR SALE


Birmingham, AL 35212- Woodlawn
$1,610,000 USD
205-234-2906
137 59th St N, Birmingham, AL for Sale
$1,610,000 USD
Apartments - FOR SALE
1/32
null | 11.97% Cap Rate

137 59th St N
Birmingham, AL 35212
Woodlawn


HIGHLIGHTS

  • Long term tenants
  • renovated
  • washer dryer hookups

OVERVIEW

3 buildings (One 10-unit, one 9 unit and one quadruplex) 23-units total - currently 2 vacancies 22 units are 2 bed 1 bath & 1 unit is 3 bed / 2 bath Roofs were replaced in 2020, flooring updated and washer/dryer connections added to all units. Central HVAC - however owner switching to window units as needed as the older type of central HVAC is no longer available to purchase. All 3 buildings showcase light filled open concept living/dining rooms with spacious kitchens, generous sized bedrooms with ample closet space and washer/dryer hook-ups in all units.

FOR SALE DETAILS

PRICE

$1,610,000 USD

PRICE/SF

$147 USD /SF

# OF UNITS

23

PRICE/UNIT

$70,000

CAP RATE

11.97%

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Woodlawn

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1968

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.68 AC

LAND SF

29,621 SF

ZONING

R5

APN/PARCEL ID

23-00-21-1-011-004.000,23-00-21-1-013-019.000

ASK ABOUT THIS PROPERTY

Margie Beth ShawKeller Williams VestaviaMore Info
205-234-2906

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

Margie Beth ShawKeller Williams VestaviaMore Info
205-234-2906

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