1212 21st Ave N 6 Unit Apartment Building Offered at $482,009 CAD at a 8.91% Cap Rate Birmingham, AL 35204





INVESTMENT HIGHLIGHTS
- 1212 21st Avenue N presents a six-unit multifamily building with all units being a two-bedroom / one-bath layout.
- The property has a history of strong occupancy, presenting upside to raise rents and add modern features.
- In Birmingham's Acipco-Finley neighborhood, a historic community with rich history.
- The property is peacefully surrounded by other multifamily and single-family residences for a community-driven environment.
EXECUTIVE SUMMARY
1212 21st Avenue N is a six-unit, two-bedroom/ one-bath apartment building located in Birmingham, Alabama. This property is an excellent investment acquisition with upside potential, with one vacancy to fill and the opportunity to increase rent. The existing income is stable for new ownership to acquire. The property requires very little deferred maintenance and sets up well for an investor seeking smaller multifamily assets to add to their portfolio. 100% leased.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
---|---|---|
Gross Rental Income |
$99,999
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$9.99
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Other Income |
-
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-
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Vacancy Loss |
-
![]() |
-
![]() |
Effective Gross Income |
$99,999
![]() |
$9.99
![]() |
Taxes |
$99,999
![]() |
$9.99
![]() |
Operating Expenses |
$99,999
![]() |
$9.99
![]() |
Total Expenses |
$99,999
![]() |
$9.99
![]() |
Net Operating Income |
$99,999
![]() |
$9.99
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PROPERTY FACTS Under Contract
Price | $482,009 CAD |
Price Per Unit | $80,335 CAD |
Sale Type | Investment |
Cap Rate | 8.91% |
No. Units | 6 |
Property Type | Multifamily |
Apartment Style | Low-Rise |
Lot Size | 0.18 AC |
Building Size | 3,708 SF |
Average Occupancy | 100% |
No. Stories | 2 |
Year Built | 1973 |
Opportunity Zone |
Yes |
Zoning | R3 |
UNIT MIX INFORMATION
DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
---|---|---|---|
2+1 | 6 | - | 1,000 |
1 of 1
PROPERTY TAXES
Parcel Number | 22-00-22-4-019-012.000 | Total Assessment | $86,356 CAD |
Land Assessment | $0 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
Improvements Assessment | $0 CAD | Tax Year | 2024 |