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Property Description

This 12-unit value-add multifamily property is ideally located just 2 minutes from the Coca-Cola Amphitheater, 3 minutes from Progressive Stadium, and only 4 minutes from Downtown Birmingham.
Built in 1978, the property offers approximately 9,984 square feet on a ±0.45-acre lot.
All units are 2BR/1BA with washer/dryer connections and currently rented well below market rates. This property offers significant upside potential, as the area is experiencing strong growth and development.
Property is well-maintained, featuring a durable older metal roof in good condition. Recent upgrades to all units within the past year include new flooring, plumbing, electrical systems, kitchen, bathrooms, and windows.
All utilities are individually metered for each unit.
Property does not currently have central heating and air, but features newer window units and is already equipped with wiring and disconnects for an HVAC system to be installed by a future owner.
The property is currently 83% occupied, with 10 of the 12 units leased and the remaining 2 units in the lease-up phase.

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