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 $9.99
Other Income - -
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

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

PROPERTY TAXES

  • Listing ID: 34833072

  • Date on Market: 2025-02-14

  • Last Updated:

  • Address: 1212 21st Ave N, Birmingham, AL 35204