Multi-Family Investment AL
|Catylist Listing ID:
Government Subsidized, Mid-Rise
|Number of Units:
|Building Size (RSF):
|Gross Land Area:
||$100,000 Per Unit
|Property Use Type:
||Cash to Seller
|Average Occupancy Rate:
Overview / Comments
Perfectly positioned Multi-Family property.
Easy access to amenities for the tenants and bussing.
This 14 unit apartment building is located in a great rental area of Birmingham. These apartments rent very quickly, and have for the last several years. 11 of the 14 units are rented through subsidy programs. 10 of the 14 units have been renovated since 2017. The ones that have not been renovated and updated have long term tenants in place. When properties became vacant the sellers have updated and raised rents. Upgrades include: new LVP flooring, new wood kitchen cabinets and bath vanities, new fixtures, and paint. The exterior of the property has been recently painted. 1/3 of the roof structure and shingles were replaced in 2017. Tenants pay all utilities.
Attachments & Media
|Total Number of Buildings:
|Number of Stories:
||PARCEL #: 12 00 30 3 010 001.000
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