5714 - 5731 Court M 20 Unit Apartment Building $1,418,233 CAD ($70,912 CAD/Unit) 9.86% Cap Rate Birmingham, AL 35228
EXECUTIVE SUMMARY
--Stabilized Value Add 20 unit Multifamily Deal in Birmingham, AL
--17 of the 20 units occupied; 1 is vacant and needs about $2,500-$5,000 to be move-in ready; 2 are down vacant and in need of minimal repairs
--Room to increases rents as they are well under market
--Sellers are ready to make a deal but do not have to take a "bird in hand"
--Contact Broker with any and all inquiries
--17 of the 20 units occupied; 1 is vacant and needs about $2,500-$5,000 to be move-in ready; 2 are down vacant and in need of minimal repairs
--Room to increases rents as they are well under market
--Sellers are ready to make a deal but do not have to take a "bird in hand"
--Contact Broker with any and all inquiries
PROPERTY FACTS
| Price | $1,418,233 CAD |
| Price Per Unit | $70,912 CAD |
| Sale Type | Investment |
| Cap Rate | 9.86% |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.18 AC |
| Building Size | 11,000 SF |
| Average Occupancy | 80% |
| No. Stories | 1 |
| Year Built/Renovated | 1949/2024 |
| Parking Ratio | 0.82/1,000 SF |
SITE AMENITIES
- 24 Hour Access
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 20 | - | 541 |
1 of 1
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $0 CAD | Total Assessment | $206,378 CAD |
ZONING
| Zoning Code | B2 (Commercial) |
