705 Knoxville St - Apartments FOR SALE


Birmingham, AL 35224- Wylam
$650,000 USD
205-870-8580
705 Knoxville St, Birmingham, AL for Sale
$650,000 USD
Apartments - FOR SALE
1/15
null | Request Cap Rate

705 Knoxville St
Birmingham, AL 35224
Wylam


OVERVIEW

8 unit value add Multifamily property located in Birmingham, AL just 14 minutes from the CBD. All units are 710 SF, 2 Bedroom 1 Bathroom, with W/D connections; all 8 units have been fully rehabbed with brand new finishes and the property boasts a 100% occupancy. Value add lies within the current rents are under market. Current owners have replaced the roof and 2 HVAC units, all of which are central heat and air with the remaining units being in good, usable condition (about 5-7 years old each). This property has had only 2 owners in the last 24 years, thus showing sustainability and strong rental demand.

FOR SALE DETAILS

PRICE

$650,000 USD

PRICE/SF

$114 USD /SF

# OF UNITS

8

PRICE/UNIT

$81,250

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1978

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.4 AC

LAND SF

17,517 SF

ZONING

R5

APN/PARCEL ID

30-00-02-1-021-006.000

ASK ABOUT THIS PROPERTY

Alex KyriazisLAH Commercial Real EstateMore Info
205-870-8580

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

Alex KyriazisLAH Commercial Real EstateMore Info
205-870-8580

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