This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

Close
You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

943 characters remaining

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

We will automatically send your friend a one-time email inviting him or her to visit the site. LoopNet stores this information for the sole purpose of sending this one-time email and tracking the success of our referral program. View LoopNet's Privacy Policy

thank you

Your email has been sent!

GLYNWOOD APARTMENTS 937 52nd Pl N

12 Unit Apartment Building $690,000 ($57,500/Unit) 7.23% Cap Rate Birmingham, AL 35212

Apartment Buildings Alabama Birmingham 937 52nd Pl N, Birmingham, AL 35212

Investment Highlights

  • Around 20% rental upside
  • Close Proximity to major developments, Downtown Birmingham, and Birmingham-Shuttlesworth International Airport
  • Washer & dryer connections in all units
  • Strong occupancy and collections
  • Average household income of $61,717 within 1-mile
  • 937 52nd Place N is located in the Woodlawn neighborhood of Birmingham, Alabama. Woodlawn is a historic area that has seen significant revitalization

Executive Summary

Broker of Record
Kyle Matthews
License No. 000110253 - 0 (AL)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203

Property Facts

Price $690,000 Building Class C
Price Per Unit $57,500 Lot Size 0.55 AC
Sale Type Investment Building Size 9,778 SF
Cap Rate 7.23% Average Occupancy 100%
Gross Rent Multiplier 6.16 No. Stories 2
No. Units 12 Year Built 1969
Property Type Multifamily Parking Ratio 2.04/1,000 SF
Property Subtype Apartment Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Apartment Style Low Rise
Price $690,000
Price Per Unit $57,500
Sale Type Investment
Cap Rate 7.23%
Gross Rent Multiplier 6.16
No. Units 12
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.55 AC
Building Size 9,778 SF
Average Occupancy 100%
No. Stories 2
Year Built 1969
Parking Ratio 2.04/1,000 SF
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 12 - -

Links

1 of 1

PROPERTY TAXES

Parcel Number 23-00-21-3-004-003.000 Improvements Assessment $0
Land Assessment $0 Total Assessment $95,800

PROPERTY TAXES

Parcel Number
23-00-21-3-004-003.000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$95,800

zoning

Zoning Code R5
R5
(251) 978-3255

Contacts

  • Listing ID: 34418087

  • Date on Market: 1/8/2025

  • Last Updated:

  • Address: 937 52nd Pl N, Birmingham, AL 35212

More public record information on 937 52nd Pl N, Birmingham, AL 35212

The Eastside Multifamily Property at 937 52nd Pl N, Birmingham, AL 35212 is currently available. Contact Matthews Real Estate Investment Services for more information.

Multifamily PROPERTIES IN NEARBY NEIGHBORHOODS

Nearby Listings

1 of 4
VIDEOS
3D TOUR
PHOTOS
STREET VIEW STREET
MAP

1/4
937 52nd Pl N, Birmingham, AL for sale Building Photo- Image 1 of 4
Hero 2 wm
937 52nd Pl N, Birmingham, AL for sale Building Photo- Image 2 of 4
Hero 1 wm
937 52nd Pl N, Birmingham, AL for sale Building Photo- Image 3 of 4
Map 1 wm

1 of 1

Connect with us

© 2025 CoStar Group

The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.

GLYNWOOD APARTMENTS | 937 52nd Pl N
(251) 978-3255 x

GLYNWOOD APARTMENTS | 937 52nd Pl N

1/2

Douglas Sanders

(251) 978-3255

(251) 978-3255

Austin Graham

(404) 445-1091

(404) 445-1091

Already a member? Log In

First Name*

Last Name*

Please enter an email address.

Email*

Phone*

Ext (optional)

Company (optional)

Please leave a message.

Message*

{{messageTextLength}} out of 600

New to LoopNet? No problem. We'll automatically create a free account for you. By clicking the button, you agree to LoopNet's Terms of Use and Privacy Policy.

Hmm, there seems to have been an error sending your message. Please try again.

Thanks! Your message was sent.

Send another message

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}
You can provide feedback any time using the Help button at the top of the page.

Share Link