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3004 Avenue W

Birmingham AL 35208

Apartment
Currently for sale - view listing

Overview

VALUE-ADD MULTIFAMILY INVESTMENT OPPORTUNITY! Don't miss this opportunity to acquire an 100% occupied, 11-unit apartment complex strategically located in Birmingham with convenient access to the Birmingham's CrossPlex, Downtown Birmingham, UAB, major employment centers and transportation corridors. The property consists of 11, 2-BR, 1-BA units, each equipped with central HVAC, washer/dryer connections, and separately metered utilities. The real opportunity is in the property's significant rental upside. Current rents are below prevailing market rates, creating an attractive value-add opportunity to increase revenue over time through strategic management, improvements, and rent optimization. With 100% occupancy and considerable room for rental growth, this property offers the potential to strengthen NOI and increase the property's long-term value. Priced below its appraised value, this 11-unit complex presents a compelling opportunity for an investor, looking to expand.

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 3004 Avenue W, have been sold.

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(619) 566-0008
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