Portfolio of 3 Multifamily Properties Multi-Family FOR SALE


Birmingham, AL - Fairview
$2,350,000 USD
205-966-1908
, Birmingham, AL for Sale
$2,350,000 USD
Multi-Family - FOR SALE
1/92
null | 6.69% Cap Rate

Portfolio of 3 Multifamily Properties
Birmingham, AL
Fairview


HIGHLIGHTS

  • Significant recent capital improvements across the portfolio
  • Long-term, reliable tenant base with below-market rents
  • Individually metered utilities at two of three sites
  • Strong occupancy across all three assets (currently 96% overall)
  • Future upside through rent growth and possible expansion at Pike Road

OVERVIEW

Three-Building Birmingham Multifamily Portfolio Offered at $2,350,000 | $84K Per Door | 28 Units Total This well-maintained, income-producing three-building portfolio offers a rare opportunity to acquire 28 units of classic, value-add multifamily across stable Birmingham submarkets. With strong historical occupancy, dependable tenant bases, and proven capital improvements already completed, the portfolio is primed for both immediate cash flow and long-term rent growth. 2418 Eufaula Court – 12 Units Built in 1957, this solid brick structure offers spacious 2BR/1BA layouts with all-electric utilities, wall heat, and window A/C units. Tenants are separately metered for power and water, minimizing landlord expenses. Key improvements include a new metal roof (2016) and parking lot repaving (2019). Currently 92% occupied, with below-market rents at $550/month providing room for upside. 2651 Pike Road – 6 Units + Development Land Constructed in 1979, this two-story brick and wood building features all 2BR/1BA units with central HVAC. The landlord covers water, sewer, and garbage. The site includes additional land ideal for future expansion or infill development. 100% occupied with consistent tenancy and current rents at $600/month. 1700 Warrior Road – 10 Units Built in 1976, this two-story brick and vinyl building includes central HVAC, separately metered utilities, and long-term tenants. The property has benefited from a new metal roof (2016) and parking lot repaving (2019). Fully leased with strong in-place income and current rents at $625/month. This portfolio offers a compelling opportunity for investors seeking scale, stability, and upside in one of Alabama’s most resilient rental markets.

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Chip WattsWatts Realty Co., Inc.More Info
205-966-1908

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Chip WattsWatts Realty Co., Inc.More Info
205-966-1908

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