914 14th St SW - Apartments FOR SALE


Birmingham, AL 35211- Arlington-West End
$1,800,000 USD
205-870-8580
914 14th St SW, Birmingham, AL for Sale
$1,800,000 USD
Apartments - FOR SALE
1/9
null | 6.7% Cap Rate

914 14th St SW
Birmingham, AL 35211
Arlington-West End


OVERVIEW

LAH Commercial Real Estate is pleased to present this 18 unit value add Multifamily property located in Birmingham, AL just 11 minutes from the CBD. The property includes 14 two-bedroom, one-bathroom units with washer/dryer connections, along with 4 one-bedroom, one-bathroom units with washer/dryer connections. Sixteen of the eighteen units have been fully renovated and leased, while the remaining two units (one 2BR/1BA and one 1BR/1BA) are currently undergoing renovations. Both buildings feature metal roofs that were replaced within the last three years, and all HVAC units were newly installed in 2022, with the 2 rehabbed units having new HVAC units upon completion. Rents are well under market thus providing a new investor/owner with the opportunity for rental bumps upon acquisition. Call Broker for more details regarding the property, i.e. financials and additional information.

FOR SALE DETAILS

PRICE

$1,800,000 USD

PRICE/SF

$80 USD /SF

# OF UNITS

18

PRICE/UNIT

$100,000

CAP RATE

6.7%

% 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

1965

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.28 AC

LAND SF

55,757 SF

ZONING

R5

APN/PARCEL ID

29-00-09-1-010-010.000

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.