1609 6th St N - Apartments FOR SALE


Birmingham, AL 35204- Enon Ridge
$1,690,000 USD
205-234-2906
1609 6th St N, Birmingham, AL for Sale
$1,690,000 USD
Apartments - FOR SALE
1/34
null | 7.7% Cap Rate

1609 6th St N
Birmingham, AL 35204
Enon Ridge


HIGHLIGHTS

  • 100% Occupied
  • 1/2 of tenants are Section 8 - guaranteed income
  • Fully renovated - inside and out

OVERVIEW

96% occupied with final tenant moving in shortly. Currently 1/2 of tenants are Section 8. All units have been rehabbed in the last 3 years with new flooring, kitchens, upgraded electrical, plumbing, wall-mounted heat/air units, paint, carpet, lighting, window blinds. Newly paved & striped parking lot (June 2025) T-12 and Rent roll in documents Projected total income of $226,306 yrly. Projected NOI for next year is $174,871. Due to potential 100% occupancy property will be shown once under contract. NO OPTION FOR SELLER FINANCING!

FOR SALE DETAILS

PRICE

$1,690,000 USD

PRICE/SF

$67 USD /SF

# OF UNITS

24

PRICE/UNIT

$70,417

CAP RATE

7.7%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1973

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.72 AC

LAND SF

31,498 SF

ZONING

CR6

APN/PARCEL ID

22-00-26-2-031-001.000

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.