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2805 Avenue E

Birmingham AL 35218

Apartment
Currently for sale - view listing

Overview

VALUE-ADD MULTIFAMILY INVESTMENT OPPORTUNITY! This offering includes two 6-unit buildings totaling 12 units in Birmingham's Ensley community, conveniently located near the Birmingham CrossPlex, Downtown Birmingham, UAB, shopping, dining, and major transportation corridors. The property features 12 - 2-bedroom, 1.5-bath units, each with central HVAC, washer/dryer connections, and separately metered utilities. Currently 80% occupied, the property provides immediate income with vacant units available to turn and reposition. Current rents are below market, creating significant upside through renovations, improved management, and rent optimization. Priced below appraised value, this is an excellent opportunity for an investor seeking a multifamily asset with existing cash flow and strong value-add potential.

Features

Apartment

Happy sellers in Birmingham

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We have insufficient information to provide an overview of customer satisfaction for Birmingham. Viewing the agent profiles, reviews and sales for Birmingham can provide insights for this location.

Local market activity for apartments in Birmingham

In the last 12 months, 1 apartment similar to 2805 Avenue E, have been sold.

This represents a 50% increase in apartments sales when compared to the previous 12 months.

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Sales:
(619) 566-0008
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