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Timberchase Apartments 712 47th St N

10 Unit Apartment Building $583,396 CAD ($58,340 CAD/Unit) 2.15% Cap Rate Birmingham, AL 35212

Apartment Buildings Alabama Birmingham 712 47th St N, Birmingham, AL 35212

Investment Highlights

  • Renovated with-in the last 4 years.
  • parking lot
  • Located near downtown and public transit

Executive Summary

Great investment opportunity with value add opportunity!!
(10) Two bedroom and One bath units!
Renovated in 2020-21 with luxury vinyl tile flooring throughout each unit, new paint, light fixtures, New wall mounted HVAC units (heating and cooling) New countertops, bathroom vanities, new roof (in 2021) Modern exterior/interior paint color scheme. Washer & Dryer connection in each unit, Refrigerators and stoves in each unit in 2021 (according to previous sale) 24/7 offsite security video surveillance. Large parking to for tenants and guests! TENANT PAYS UTILITIES. ALL SEPARATE METERS FOR WATER AND ELECTRICAL. 6 units rented and 4 units are rent ready!

Attachments

MLS Listing - Customer Page

Data Room Click Here to Access

Financial Summary (Actual - 2023) Click Here to Access

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes - -
Operating Expenses - -
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income (CAD)
Annual $99,999
Annual Per SF $9.99
Other Income (CAD)
Annual $99,999
Annual Per SF $9.99
Vacancy Loss (CAD)
Annual $99,999
Annual Per SF $9.99
Effective Gross Income (CAD)
Annual $99,999
Annual Per SF $9.99
Taxes (CAD)
Annual -
Annual Per SF -
Operating Expenses (CAD)
Annual -
Annual Per SF -
Total Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Net Operating Income (CAD)
Annual $99,999
Annual Per SF $9.99

Property Facts

Price $583,396 CAD Building Class C
Price Per Unit $58,340 CAD Lot Size 0.48 AC
Sale Type Investment Building Size 7,384 SF
Cap Rate 2.15% Average Occupancy 65%
No. Units 10 No. Stories 2
Property Type Multifamily Year Built/Renovated 1974/2021
Property Subtype Apartment Parking Ratio 1/1,000 SF
Apartment Style Low Rise Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Price $583,396 CAD
Price Per Unit $58,340 CAD
Sale Type Investment
Cap Rate 2.15%
No. Units 10
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.48 AC
Building Size 7,384 SF
Average Occupancy 65%
No. Stories 2
Year Built/Renovated 1974/2021
Parking Ratio 1/1,000 SF
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Unit Amenities

  • Washer/Dryer Hookup
  • Refrigerator
  • Oven

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 10 $763.32 CAD -

Links

1 of 1

PROPERTY TAXES

Parcel Number 23-00-20-4-005-026.000 Improvements Assessment $0 CAD (2024)
Land Assessment $0 CAD (2024) Total Assessment $143,398 CAD (2024)

PROPERTY TAXES

Parcel Number
23-00-20-4-005-026.000
Land Assessment
$0 CAD (2024)
Improvements Assessment
$0 CAD (2024)
Total Assessment
$143,398 CAD (2024)

zoning

Zoning Code R5
R5
(205) 234-2906

Contact

  • Listing ID: 34258067

  • Date on Market: 2024-12-20

  • Last Updated:

  • Address: 712 47th St N, Birmingham, AL 35212

The Eastside Multifamily Property at 712 47th St N, Birmingham, AL 35212 is currently available. Contact Keller Williams Vestavia for more information.

Multifamily PROPERTIES IN NEARBY NEIGHBORHOODS

Nearby Listings

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712 47th St N, Birmingham, AL for sale Building Photo- Image 1 of 10
FRONT
712 47th St N, Birmingham, AL for sale Building Photo- Image 2 of 10
STAIRS
712 47th St N, Birmingham, AL for sale Building Photo- Image 3 of 10
DOORS
712 47th St N, Birmingham, AL for sale Building Photo- Image 4 of 10
METERS
712 47th St N, Birmingham, AL for sale Building Photo- Image 5 of 10
SIDE OF BUILDING
712 47th St N, Birmingham, AL for sale Interior Photo- Image 6 of 10
LIVING ROOM
712 47th St N, Birmingham, AL for sale Interior Photo- Image 7 of 10
KITCHEN HALLWAY
712 47th St N, Birmingham, AL for sale Interior Photo- Image 8 of 10
KITCHEN
712 47th St N, Birmingham, AL for sale Interior Photo- Image 9 of 10
BATHROOM

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Timberchase Apartments | 712 47th St N
(205) 234-2906 x

Timberchase Apartments | 712 47th St N

Margie Beth Shaw

(205) 234-2906

(205) 234-2906

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