5714 - 5731 Court M
20 Unit Apartment Building $1,095,000 ($54,750/Unit) 8.96% Cap Rate Birmingham, AL 35228
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EXECUTIVE SUMMARY
--Stabilized Value Add 20 unit Multifamily Deal in Birmingham, AL
--17 of the 20 units occupied; 1 is vacant and needs about $2,500-$5,000 to be move-in ready; 2 are down vacant and in need of minimal repairs
--Room to increases rents as they are well under market
--Sellers are ready to make a deal but do not have to take a "bird in hand"
--Contact Broker with any and all inquiries
--17 of the 20 units occupied; 1 is vacant and needs about $2,500-$5,000 to be move-in ready; 2 are down vacant and in need of minimal repairs
--Room to increases rents as they are well under market
--Sellers are ready to make a deal but do not have to take a "bird in hand"
--Contact Broker with any and all inquiries
PROPERTY FACTS
Price | $1,095,000 |
Price Per Unit | $54,750 |
Sale Type | Investment |
Cap Rate | 8.96% |
No. Units | 20 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Garden |
Building Class | C |
Lot Size | 2.18 AC |
Building Size | 11,000 SF |
Average Occupancy | 80% |
No. Stories | 1 |
Year Built/Renovated | 1949/2024 |
Parking Ratio | 0.82/1,000 SF |
SITE AMENITIES
- 24 Hour Access
UNIT MIX INFORMATION
DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
---|---|---|---|
1+1 | 20 | - | 541 |
1 of 1
PROPERTY TAXES
Parcel Numbers | Improvements Assessment | $0 | |
Land Assessment | $0 | Total Assessment | $143,580 |
ZONING
Zoning Code | B2 (Commercial) |