Glenfair Apartments | 407 Fairfax Dr
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Glenfair Apartments 407 Fairfax Dr
40 Unit Apartment Building For Sale Fairfield, AL 35064
Investment Highlights
- Current occupancy is 100%
Executive Summary
Matthews Real Estate is pleased to present the opportunity to acquire Glenfair Apartments, a stabilized, 40-unit multifamily property in Birmingham, AL. The property is comprised of 40 townhome style units, providing a unique unit mix and greater potential for market rent growth. With no deferred maintenance on site, the next owner stands to benefit from immediate, organic rental increases.
Property Facts
| Sale Type | Investment | Lot Size | 3.45 AC |
| No. Units | 40 | Building Size | 39,480 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1977 |
| Building Class | B | Parking Ratio | 1.82/1,000 SF |
| Sale Type | Investment |
| No. Units | 40 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 3.45 AC |
| Building Size | 39,480 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1977 |
| Parking Ratio | 1.82/1,000 SF |
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Washer/Dryer
- Heating
- Tub/Shower
- Patio
- Wheelchair Accessible (Rooms)
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1.5 | 20 | - | 612 |
| 2+1.5 | 20 | - | 1,124 |
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PROPERTY TAXES
| Parcel Number | 30-00-23-2-001-072.002 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $467,440 |
PROPERTY TAXES
Parcel Number
30-00-23-2-001-072.002
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$467,440
zoning
| Zoning Code | R4 |
| R4 |
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Glenfair Apartments | 407 Fairfax Dr
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