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1101 10th Plz S
Birmingham, AL 35205
The Ellys · Multifamily Property For Sale
·
60 Units
Investment Highlights
- Positioned well for conversion to conventional product or a mix of student/conventional
- Minutes to downtown Birmingham's CBD (63,000+ jobs)
- New developments driving economic growth—$5.3 billion in capital investment were brought in and more than 9,000 jobs were created in 2021
- Premier off-campus student housing asset located pedestrian to UAB (22,200 students; 23,700 employees)
- Near major employment demand drivers including Regions, Shipt, Alabama Power, BBVA Compass, and Ascension St. Vincent's
- Rents in the Birmingham MSA are at an all-time high; the metro experienced a 15.5% change between Q2:2021 and Q2:2022
Property Facts
| No. Units | 60 | Building Size | 82,000 SF |
| Property Type | Multifamily | Average Occupancy | 77% |
| Property Subtype | Apartment | No. Stories | 5 |
| Apartment Style | Mid-Rise | Year Built | 2014 |
| Building Class | B | Parking Ratio | 1.05/1,000 SF |
| Lot Size | 0.88 AC | ||
| Zoning | CD5 - Contingency Multifamily District | ||
| No. Units | 60 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.88 AC |
| Building Size | 82,000 SF |
| Average Occupancy | 77% |
| No. Stories | 5 |
| Year Built | 2014 |
| Parking Ratio | 1.05/1,000 SF |
| Zoning | CD5 - Contingency Multifamily District |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- High Speed Internet Access
- Range
- Wheelchair Accessible (Rooms)
Site Amenities
- Controlled Access
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 30 | - | 822 - 866 |
| 2+2 | 28 | - | 1,130 - 1,256 |
| 3+2 | 2 | - | 1,345 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $119,280 | Total Assessment | $1,978,700 |
Property Taxes
Parcel Numbers
Land Assessment
$119,280
Improvements Assessment
$0
Total Assessment
$1,978,700
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