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Uptown Villas 1428 Fl Shuttlesworth Dr 32 Unit Apartment Building $2,300,000 ($71,875/Unit) Birmingham, AL 35234
INVESTMENT HIGHLIGHTS
- Arriving to market 97% occupied
- Exceptional location
- High-performing, cash-flowing asset
- Steps away from the redevelopments
EXECUTIVE SUMMARY
Uptown Villas presents a prime opportunity for investors seeking a high-performing, cash-flowing asset in Birmingham’s thriving Uptown District! Each unit boasts modern upgrades, including stainless steel or black appliances and in-unit washer and dryer. Undergoing extensive renovation, this property is a turnkey investment, featuring 32-units and arriving to market 97% occupied! At full occupancy, the property is expected to generate north of $300K in rental income annually. It is steps away from the transformative $350 million Carraway redevelopment and the $50 million Star Amphitheater project, both of which are set to drive significant rent growth in the area. This property offers unparalleled convenience, being located just minutes from downtown Birmingham, UAB, and major interstates I-20 and I-65. Situated within walking distance of the BJCC, the Uptown entertainment district, and Topgolf.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Price | $2,300,000 | Lot Size | 1.01 AC |
| Price Per Unit | $71,875 | Building Size | 25,708 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| No. Units | 32 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1969 |
| Property Subtype | Apartment | Parking Ratio | 1.48/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | CR5 - Commercial/Residential | ||
| Price | $2,300,000 |
| Price Per Unit | $71,875 |
| Sale Type | Investment |
| No. Units | 32 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.01 AC |
| Building Size | 25,708 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1969 |
| Parking Ratio | 1.48/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | CR5 - Commercial/Residential |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Washer/Dryer
- Washer/Dryer Hookup
- Heating
- Refrigerator
- Stainless Steel Appliances
- Range
- Vinyl Flooring
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 32 | - | 803 |
1 1
PROPERTY TAXES
| Parcel Number | 22-00-26-1-016-051.000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $73,240 |
PROPERTY TAXES
Parcel Number
22-00-26-1-016-051.000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$73,240
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Uptown Villas | 1428 Fl Shuttlesworth Dr
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