604 Pinson Pl - Multi-Family FOR SALE


Birmingham, AL 35215- Outer Center Point
$3,200,000 USD
604 Pinson Pl, Birmingham, AL for Sale
$3,200,000 USD
Multi-Family - FOR SALE
1/12
null | 6.9% Cap Rate

604 Pinson Pl
Birmingham, AL 35215
Outer Center Point


HIGHLIGHTS

  • Each unit has its own washer & dryer connections with newer appliances, LVP flooring, and updated bathrooms.
  • All units include newer central heat and air conditioning, spacious floor plans, and plenty of parking.
  • The region offers competitive utility rates compared to other regions.

OVERVIEW

Rare find with high income potential, fully remodeled 44-unit apartment building located in Jefferson County, Alabama just outside of Birmingham & its surrounding municipalities. Hillcrest Apartments is close to key amenities including nationally known retail & restaurants as well as local entertainment favorites. This property attracts solid, hard working tenants looking for a somewhat rural area that is still close enough to downtown & suburbia amenities. The property offers drought tolerant landscaping, solid building materials, newer appliances, newer fixtures, newer HVAC, & newer roofs which presents the buyer with a lower maintenance property.

FOR SALE DETAILS

PRICE

$3,200,000 USD

PRICE/SF

$99 USD /SF

# OF UNITS

44

PRICE/UNIT

$72,727

CAP RATE

6.9%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hillcrest Apartments

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1977

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

13-00-14-1-000-016.000

ASK ABOUT THIS PROPERTY

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