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The Ideal Building 111 19th St N 14 Unit Apartment Building $6,500,000 ($464,286/Unit) Birmingham, AL 35203
INVESTMENT HIGHLIGHTS
- Vibrant Downtown Locations
- New Roof and Elevator
- Loft Style Units with exposed brick walls, stainless steel appliances, polished concrete floors, & granite counter-tops.
EXECUTIVE SUMMARY
Location! Location! Location! The Ideal Building is a Historic Loft Apartment building located in the Heart of Downtown Birmingham. Nestled directly adjacent to the Theater District and the Central Business District! The Ideal Building offers up 14 beautiful loft style apartments that are just minutes from restaurants, bars, entertainment, and more!
DATA ROOM Click Here to Access
- Offering Memorandum
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| 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 |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $6,500,000 | Building Class | B |
| Price Per Unit | $464,286 | Lot Size | 0.09 AC |
| Sale Type | Investment | Building Size | 26,677 SF |
| No. Units | 14 | No. Stories | 6 |
| Property Type | Multifamily | Year Built/Renovated | 1929/2024 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Mid-Rise | ||
| Zoning | B4 - Central Business District | ||
| Price | $6,500,000 |
| Price Per Unit | $464,286 |
| Sale Type | Investment |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.09 AC |
| Building Size | 26,677 SF |
| No. Stories | 6 |
| Year Built/Renovated | 1929/2024 |
| Opportunity Zone |
Yes |
| Zoning | B4 - Central Business District |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Microwave
- Washer/Dryer Hookup
- Ceiling Fans
- Kitchen
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Walk-In Closets
- Island Kitchen
SITE AMENITIES
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Elevator
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 1 | $2,250 | 900 |
| 2+2 | 9 | $2,588 | 1,295 - 1,350 |
| 3+2 | 4 | $2,625 | 1,780 |
Walk Score®
Walker's Paradise (90)
PROPERTY TAXES
| Parcel Number | 22-00-36-2-017-009.000 | Total Assessment | $482,700 (2024) |
| Land Assessment | $0 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $0 (2024) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
22-00-36-2-017-009.000
Land Assessment
$0 (2024)
Improvements Assessment
$0 (2024)
Total Assessment
$482,700 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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The Ideal Building | 111 19th St N
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