Listed by Expert Realty
$2,250,000
BUNGALOWS AT MONTE SANO
Details
APN 29-00-18-2-004-001.000
Property Type Multifamily
Sub Type Apartment Building
Units 30
Cap Rate 8.58%
NOI $193,000
Occupancy 89%
Pro-Forma Cap Rate 8.89%
Pro-Forma NOI $200,000
Broker Co-Op Yes
Class C
Year Built 1950
Year Renovated 2018-2024
Buildings 7
Stories 1
Acreage 4.150
Zoning R5
Investment Type Stabilized
Multifamily | 30 Units | $75,000/unit
Marketing description
30 door investment opportunity in Birmingham Alabama. Offering consists of seven buildings - 20 - 1br/1 ba and 10 - 2br/1ba apartments currently at 94% occupancy. 1 bedroom units rent for an average of 750-775 and 2 bedrooms for $900-1000. All units have been update within the last five years and 8 units within the last year. Updates include new windows, new hvac units, full interior paint, and laminate flooring. Each apartment includes updated kitchen and bathrooms. Kitchen appliances are included - stove, refrigerator and microwaves. On site laundry facilities.
Listing Contacts
Listed by Expert Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$193,000.00
$16,083.33/mo
Valuation Metrics
0
DSCR
8.58%
Cap Rate
8.58%
ROI
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