Multifamily For Sale | 608-614 1 St S

Property Description

LAH Commercial Real Estate is pleased to present this 12-unit value-add multifamily opportunity located in Birmingham, AL, just 9 minutes from downtown Birmingham, AL CBD.

• This property is located in the Titusville sub-market of Birmingham. Titusville is experiencing renewed investment through commercial redevelopment, industrial projects, housing improvements, and new neighborhood businesses, creating potential opportunities for multifamily, retail, and industrial growth near downtown Birmingham.
• This property consists of 2 six unit complexes, consisting of all 1 BR/1 BA units with W/D connections in each unit.
• This property is 100% occupied and has been rehabbed from top to bottom in the last year.
• Each unit has been updated with new appliances, water heaters, flooring, windows, and plumbing and electrical improvements.
• Rents are under market, thus providing a value-add opportunity for a new investor.
• All utilities are individually metered for each unit. The landlord pays taxes, insurance, common area power and utilities in vacant units, lawn care, maintenance, garbage, and a local property manager.
• All units have brand new mini splits for heating and cool.
• Contact broker for additional details.