914 14th St SW
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914 14th St SW
18 Unit Apartment Building $1,425,000 ($79,167/Unit) Birmingham, AL 35211
Investment Highlights
- Completely Renovated - from the studs
- Metal Roof - low maintenance - long life-span
- Section 8 Approved
- 100% occupied - renovated apartment homes.
Executive Summary
100% OCCUPIED! Fully Renovated 18-Unit Apartment Project being sold at a 12% Cap Rate! All new plumbing and electrical. New Kitchens and bathrooms! New windows, New vinyl floors throughout main living and new carpet in the bedrooms. All new HVAC units & ducting. All new Metal Roofs! Interior and all exterior paint. New water lines. Outdoor grilling area. Great location tucked away right beside the beautiful Woodward Park. Units are large and spacious with open floor plans! 4 units are 1bedroom/1bath and 14 units are 2 bedroom/1bath. Section 8 approved! Rents range from $750-$950 a month. Potential to increase. 80% +/- Section 8!
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
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-
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| Other Income |
-
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-
|
| Vacancy Loss |
-
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-
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| Effective Gross Income |
-
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-
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| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts Under Contract
| Price | $1,425,000 | Building Class | C |
| Price Per Unit | $79,167 | Lot Size | 1.28 AC |
| Sale Type | Investment | Building Size | 14,888 SF |
| No. Units | 18 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1965/2023 |
| Apartment Style | Low Rise |
| Price | $1,425,000 |
| Price Per Unit | $79,167 |
| Sale Type | Investment |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 1.28 AC |
| Building Size | 14,888 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1965/2023 |
Unit Amenities
- Air Conditioning
- Washer/Dryer Hookup
- Heating
- Kitchen
- Tub/Shower
- Carpet
- Den
- Double Pane Windows
- Vinyl Flooring
Site Amenities
- Courtyard
- Grill
- Lounge
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | $772.50 | 585 |
| 2+1 | 14 | $925.00 | 810 |
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PROPERTY TAXES
| Parcel Number | 29-00-09-1-010-010.000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $21,320 |
PROPERTY TAXES
Parcel Number
29-00-09-1-010-010.000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$21,320
zoning
| Zoning Code | R5 (P O B 100S FT NW OF INTER NW LINE SO RAILWAY SYSTEM & SW LINE 14TH ST SW TH NW 246S FT ALG 14TH ST SW TO ALLEY TH SW 287S FT TO ALLEY TH SE 160S FT TH) |
| R5 (P O B 100S FT NW OF INTER NW LINE SO RAILWAY SYSTEM & SW LINE 14TH ST SW TH NW 246S FT ALG 14TH ST SW TO ALLEY TH SW 287S FT TO ALLEY TH SE 160S FT TH) |
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Keller Williams Vestavia
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914 14th St SW
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