Carson Crest Apartments | Upside Potential 1401 Carson Rd 97 Apartment Units Online Auction Sale Birmingham, AL 35215
INVESTMENT HIGHLIGHTS
- Take advantage of this opportunity to acquire Carson Crest Apartments, a 97-unit apartment complex in a Birmingham, AL with a 90 Day Closing Option. .
- Carson Crest Apartments offers investors a profitable acquisition with future upside through unit renovations and full lease-up.
- Birmingham is a strong market with reliable residential demand, providing new ownership with long-term investment stability.
- Conveniently located 3.5 miles to Interstate 59 and 10 miles to the bustling downtown district, residents enjoy easy local and regional access.
- With an ideal mix of one-, two-, three-, and four-bedroom units, the apartment community attracts individuals and families.
- Within a 2-mile radius, 50% of households are renter-occupied and 75% of households are one-, two-, and three-person-occupied.
EXECUTIVE SUMMARY
Carson Crest Apartments is a 97-unit apartment community located in the Birmingham market. Established just northeast of downtown, this high-occupancy multifamily asset is a valuable addition to a new or existing investment portfolio. Over the last few years, current ownership has been updating and renovating apartment units upon tenant moveouts. With a diverse mix of unit sizes and floor plans, the property offers the ideal space for a variety of residential tenants.
Carson Crest Apartments is prominently located in a dense residential hub just minutes from one of Birmingham’s major retail corridors, Center Point Parkway/Parkway East. Nearby national brands include Walmart Supercenter, AutoZone, Aldi, Chick-fil-A, Burger King, Taco Bell, and many more. Interstates 59, 459, 20, 22, and 65 can all be reached within 10 minutes or less, providing residents with convenient access throughout the central region.
Birmingham is one of the major economic leaders in the southeast region, showcasing a diverse business sector and innovative workforce. Exuding Southern charm and hospitality, residents flock to this metro for its extensive employment opportunities, major attractions, first-rate colleges and universities, and quality urban amenities. Birmingham is home to the University of Alabama at Birmingham, Samford University, and Miles College, which collectively enroll over 17,000 undergraduates annually. The University of Alabama at Birmingham, Regions Financial, Honda, Publix, and Brookwood Baptist Health are some of the area’s largest employers. Birmingham is a strategic location for new investment, bolstered by the city’s strong commitment to sustainable economic growth and development within the commercial and residential sectors.
Property tours are available by appointment only. Please contact the listing broker to schedule.
Property listed by Keith Andrews with eXp Commercial - Alabama License # 95294.
Carson Crest Apartments is prominently located in a dense residential hub just minutes from one of Birmingham’s major retail corridors, Center Point Parkway/Parkway East. Nearby national brands include Walmart Supercenter, AutoZone, Aldi, Chick-fil-A, Burger King, Taco Bell, and many more. Interstates 59, 459, 20, 22, and 65 can all be reached within 10 minutes or less, providing residents with convenient access throughout the central region.
Birmingham is one of the major economic leaders in the southeast region, showcasing a diverse business sector and innovative workforce. Exuding Southern charm and hospitality, residents flock to this metro for its extensive employment opportunities, major attractions, first-rate colleges and universities, and quality urban amenities. Birmingham is home to the University of Alabama at Birmingham, Samford University, and Miles College, which collectively enroll over 17,000 undergraduates annually. The University of Alabama at Birmingham, Regions Financial, Honda, Publix, and Brookwood Baptist Health are some of the area’s largest employers. Birmingham is a strategic location for new investment, bolstered by the city’s strong commitment to sustainable economic growth and development within the commercial and residential sectors.
Property tours are available by appointment only. Please contact the listing broker to schedule.
Property listed by Keith Andrews with eXp Commercial - Alabama License # 95294.
OFFERING MEMORANDUM Click Here to Access
DATA ROOM Click Here to Access
- Offering Memorandum
- Financing
- Market Information
- Operating and Financials
- Third Party Reports
- Purchase Agreement
- Title and Insurance
- Miscellaneous
MARKET ANALYTICS Click Here to Access
$99,999
Asset Value
$99,999
12 Month Sales Volume
12 Month Sales Volume
Total
Lowest
Highest
Transactions
999
-
-
Sales Volume
$99,999
$99,999
$99,999
Properties Sold
999
-
-
Transacted Units
999
999
999
Average Units
999
999
999
9.9%
Market Cap Rate
9.9%
Market Sale Price/Unit Change (YOY)
12 Month Sales Price
Average
Lowest
Highest
Market
Cap Rate
9.9%
9.9%
9.9%
9.9%
Sale Price/Unit
$99,999
$99,999
$99,999
$99,999
Sale Price
$99,999
$99,999
-
-
Sale vs Asking Price
-9.9%
-9.9%
-9.9%
-
% Leased at Sale
9.9%
9.9%
9.9%
-
Market Sale Price per Unit
Birmingham - AL USA
Market Cap Rate
Birmingham - AL USA
Market Sale Price per Unit by Star Rating
1 - 2 Star
3 Star
4 - 5 Star
Market Cap Rate by Star Rating
1 - 2 Star
3 Star
4 - 5 Star
Market Sale Price per Unit Distribution
Market Cap Rate Distribution
PROPERTY FACTS
| Sale Type | Investment |
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| No. Units | 97 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 5.10 AC |
| Building Size | 105,150 SF |
| Average Occupancy | 75% |
| No. Stories | 1 |
| Year Built | 1974 |
| Parking Ratio | 1.22/1,000 SF |
| Zoning | CR5 |
AMENITIES
UNIT AMENITIES
- Dishwasher
- Washer/Dryer Hookup
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
1 of 1
PROPERTY TAXES
| Parcel Number | 13-00-24-3-003-033.000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $740,140 |
SALE ADVISOR
SALE ADVISOR
Bryan Atherton, Owner
(203) 209-3337
Contact
Prior to joining CBC NRT, Bryan Atherton was Managing Director and Broker of Northeast Investment Realty. Throughout Connecticut and the Northeast, Bryan is regarded as a leader in all aspects related to Commercial Real Estate. During his career, Bryan has completed more than $750 million in Commercial Real Estate transactions. Clients have recognized Atherton as an innovator in repositioning a property for sale or lease and guiding clients to take advantage of sound investment opportunities.
ABOUT THE AUCTION PLATFORM
Ten-X Commercial is the leading end-to-end digital transaction platform for commercial real estate. With over $26bn sold, Ten-X’s platform empowers brokers, sellers and buyers with data-driven technology and comprehensive marketing tools to expand market visibility and decrease time to close. Ten-X consistently yields trade rates at two times the industry average. Ten-X expedites the entire CRE transaction timeline by enabling brokers and sellers to tap into a digital platform that makes it easy to onboard properties, evaluate the success of complimentary omnichannel marketing campaigns and follow up on the strongest pre-qualified leads. Buyers are precision-matched with properties aligned with their investment goals, with unprecedented access to market analysis and due diligence documents to help them securely acquire properties online, with confidence.
Read More
AUCTION CONTACT
Casey Harrell
Contact
Auctioneer License:
Ten-X, LLC Jessica Anne Figueroa RE Brkr 000107846-0 Ten-X, Inc. dba Ten-X Commercial, Inc. Auction Firm C315; Samantha Corbat Auctioneer A5662
