5714 - 5731 Court M

20 Unit Apartment Building $1,095,000 ($54,750/Unit) 8.96% Cap Rate Birmingham, AL 35228

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

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

PROPERTY TAXES

ZONING

Zoning Code B2 (Commercial)
  • Listing ID: 33301373

  • Date on Market: 9/25/2024

  • Last Updated:

  • Address: 5714 - 5731 Court M, Birmingham, AL 35228