2400 19th Ave N - Apartments FOR SALE


Birmingham, AL 35234- Evergreen
$970,000 USD
205-870-8580
2400 19th Ave N, Birmingham, AL for Sale
$970,000 USD
Apartments - FOR SALE
1/6
null | Request Cap Rate

2400 19th Ave N
Birmingham, AL 35234
Evergreen


HIGHLIGHTS

  • Excellent investment opportunity in a prime location

OVERVIEW

This 12-unit value-add multifamily property is ideally located just 2 minutes from the Coca-Cola Amphitheater, 3 minutes from Progressive Stadium, and only 4 minutes from Downtown Birmingham. Built in 1978, the property offers approximately 9,984 square feet on a ±0.45-acre lot. All units are 2BR/1BA with washer/dryer connections and currently rented well below market rates. This property offers significant upside potential, as the area is experiencing strong growth and development. Property is well-maintained, featuring a durable older metal roof in good condition. Recent upgrades to all units within the past year include new flooring, plumbing, electrical systems, kitchen, bathrooms, and windows. All utilities are individually metered for each unit. Property does not currently have central heating and air, but features newer window units and is already equipped with wiring and disconnects for an HVAC system to be installed by a future owner. The property is currently 83% occupied, with 10 of the 12 units leased and the remaining 2 units in the lease-up phase.

FOR SALE DETAILS

PRICE

$970,000 USD

PRICE/SF

$97 USD /SF

# OF UNITS

12

PRICE/UNIT

$80,833

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Amphitheater Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1978

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.4 AC

LAND SF

17,598 SF

ZONING

CR5

APN/PARCEL ID

22-00-23-4-024-013.000

ASK ABOUT THIS PROPERTY

Alex KyriazisLAH Commercial Real EstateMore Info
205-870-8580

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Alex KyriazisLAH Commercial Real EstateMore Info
205-870-8580

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