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
1/50
null | 6.7% Cap Rate

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


OVERVIEW

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

$132 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.