2418 Eufaula Ct - Apartments FOR SALE


Birmingham, AL 35208- Fairview
$690,000 USD
205-966-1908
2418 Eufaula Ct, Birmingham, AL for Sale
$690,000 USD
Apartments - FOR SALE
1/16
null | Request Cap Rate

2418 Eufaula Ct
Birmingham, AL 35208
Fairview


HIGHLIGHTS

  • Twelve 2-bedroom, 1-bath units in a single-story garden-style configuration.
  • All-electric units with separate metering for power and water.
  • Recent improvements include a metal roof (2016) and parking lot resurfacing (2019).
  • Current occupancy of approximately 92% with below-market rents, providing clear upside.
  • Value-add opportunity through interior renovations to achieve full rent potential.
  • Situated on 0.83 acres in Birmingham’s Ensley submarket, offering strong rental demand.

OVERVIEW

Built in 1957, this solid brick structure offers spacious 2BR/1BA layouts with all-electric utilities, wall heat, and window A/C units. Tenants are separately metered for power and water, minimizing landlord expenses. Key improvements include a new metal roof (2016) and parking lot repaving (2019). Currently 92% occupied, with below-market rents at $550/month providing room for upside.

FOR SALE DETAILS

PRICE

$690,000 USD

PRICE/SF

$67 USD /SF

# OF UNITS

12

PRICE/UNIT

$57,500

CAP RATE

Request Cap Rate

% LEASED

92%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1957

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.83 AC

LAND SF

36,155 SF

ZONING

D-5

APN/PARCEL ID

29-00-05-1-011-020.000

ASK ABOUT THIS PROPERTY

Chip WattsWatts Realty Co., Inc.More Info
205-966-1908

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Chip WattsWatts Realty Co., Inc.More Info
205-966-1908

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