GLYNWOOD APARTMENTS | 937 52nd Pl N
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GLYNWOOD APARTMENTS 937 52nd Pl N
12 Unit Apartment Building $690,000 ($57,500/Unit) 7.23% Cap Rate Birmingham, AL 35212
INVESTMENT HIGHLIGHTS
- The Glynwood Apartments offers multifamily investors a performing multifamily community with a substantial rental upside of approximately 20%.
- Sitting in the historic Woodlawn neighborhood of Birmingham, the apartments benefit from the area’s significant recent revitalization.
- Tenants are attracted to the property by proximity to major developments, Downtown Birmingham, and Birmingham-Shuttlesworth International Airport.
- More than 47% of the 137,000 residents living within 5 miles of the community currently rent their homes, ensuring a stable pool of future tenants.
EXECUTIVE SUMMARY
Glynwood Apartments provides investors with the rare chance to acquire a performing multifamily investment with significant growth potential. Comprising twelve units with strong occupancy and collections, the opportunity provides approximately a 20% rental upside.
The Glynwood Apartments attract tenants with convenient proximity to major developments, Downtown Birmingham, and Birmingham-Shuttlesworth International Airport. Situated in Birmingham’s historic Woodlawn neighborhood, the apartments benefit from the area’s recent revitalization.
The apartment community is well-supported by a robust demographic profile within five miles of the property. More than 47% of the 137,000 residents in the area rent their homes, driving consumer spending exceeding $1.5 billion in 2024.
Broker of Record
Hutt Cooke
License No. 000168807-0 (AL)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203
The Glynwood Apartments attract tenants with convenient proximity to major developments, Downtown Birmingham, and Birmingham-Shuttlesworth International Airport. Situated in Birmingham’s historic Woodlawn neighborhood, the apartments benefit from the area’s recent revitalization.
The apartment community is well-supported by a robust demographic profile within five miles of the property. More than 47% of the 137,000 residents in the area rent their homes, driving consumer spending exceeding $1.5 billion in 2024.
Broker of Record
Hutt Cooke
License No. 000168807-0 (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
|
| 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 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 12 | - | - |
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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 |
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GLYNWOOD APARTMENTS | 937 52nd Pl N
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