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.