1148 Forest St
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1148 Forest St
4 Unit Apartment Building Offered at $175,000 at a 9.14% Cap Rate in Birmingham, AL 35217
Executive Summary
Great small investment opportunity with immediate cash flow and full occupancy. Located on a quiet street just north of Shuttlesworth International Airport. Long history of full occupancy, value-add on rental rates, and a well-built property with limited capital expenditure needed!
Property Facts
| Price | $175,000 | Property Type | Multifamily |
| Price Per Unit | $43,750 | Building Size | 2,900 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| Cap Rate | 9.14% | No. Stories | 1 |
| No. Units | 4 | Year Built | 1960 |
| Price | $175,000 |
| Price Per Unit | $43,750 |
| Sale Type | Investment |
| Cap Rate | 9.14% |
| No. Units | 4 |
| Property Type | Multifamily |
| Building Size | 2,900 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1960 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | - | 750 |
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PROPERTY TAXES
| Parcel Number | 23-00-08-1-017-001.000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $35,220 |
PROPERTY TAXES
Parcel Number
23-00-08-1-017-001.000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$35,220
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1148 Forest St
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