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705 Knoxville St

8 Unit Apartment Building $779,608 CAD ($97,451 CAD/Unit) Birmingham, AL 35224

Investment Highlights

  • Current owners have replaced the roof and 2 HVAC units, all of which are central heat and air with the remaining units being in good, usable condition
  • This property has had only 2 owners in the last 24 years, thus showing sustainability and strong rental demand.

Executive Summary

LAH Commercial Real Estate is pleased to present this 8 unit value add Multifamily property located in Birmingham, AL just 14 minutes from the CBD. All units are 710 SF, 2 Bedroom 1 Bathroom, with W/D connections; 3 of the 8 have been fully rehabbed with brand new finishes and are currently in the lease up phase at $1,200 a month; the remaining 5 units are rented with month to month tenants at below market rents, providing a new investor with an immediate value add opportunity. Call Broker for more details regarding the property, i.e. financials and additional information.

Property Facts

Price $779,608 CAD
Price Per Unit $97,451 CAD
Sale Type Investment
No. Units 8
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.40 AC
Building Size 5,680 SF
No. Stories 2
Year Built 1978
Parking Ratio 1.25/1,000 SF

Unit Amenities

  • Air Conditioning
  • Microwave
  • Washer/Dryer Hookup
  • Heating
  • Kitchen
  • Refrigerator
  • Tub/Shower
  • Freezer

Site Amenities

  • 24 Hour Access
  • Recycling
  • Smoke Free
  • Walking/Biking Trails
  • Private Bathroom
  • Walk-Up

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
30-00-02-1-021-006.000
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$91,342 CAD
  • Listing ID: 33716679

  • Date on Market: 2024-11-01

  • Last Updated:

  • Address: 705 Knoxville St, Birmingham, AL 35224

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