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1561 Pike Rd
Birmingham, AL 35218
 Value-Add Multifamily Investment · Multifamily Property For Sale · 58 Units

Apartment Buildings Alabama Birmingham 1561 Pike Rd, Birmingham, AL 35218

INVESTMENT HIGHLIGHTS

  • Prime 58-unit multifamily investment located in a favorable market and submarket, with access to the I-20 and I-59 corridor.
  • Over 58,000 households tallied a consumer spending total of over $1.2 billion within a 5-mile radius during 2023.
  • Value-add opportunity through gradual rental rate increases to match healthy market values.
  • 1609 Pike Road is located near national retailers and service providers, including Applebee’s, Boost Mobile, Enterprise, Dollar General, and many more

PROPERTY FACTS

Sale Condition Auction Sale Lot Size 2.14 AC
Type of Ownership Fee Simple Building Size 53,892 SF
No. Units 58 Average Occupancy 57%
Property Type Multifamily No. Stories 2
Property Subtype Apartment Year Built 1972
Apartment Style Low-Rise Parcel Numbers
29-00-06-1-017-004.001
  • 29-00-06-1-017-004.002
  • 29-00-06-1-017-004.003
Building Class C
Zoning R5 - Multiple Dwelling District
Sale Condition Auction Sale
Type of Ownership Fee Simple
No. Units 58
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 2.14 AC
Building Size 53,892 SF
Average Occupancy 57%
No. Stories 2
Year Built 1972
Zoning R5 - Multiple Dwelling District
Parcel Numbers
29-00-06-1-017-004.001
  • 29-00-06-1-017-004.002
  • 29-00-06-1-017-004.003

AMENITIES

UNIT AMENITIES

  • Kitchen
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower

SITE AMENITIES

  • 24 Hour Access
  • Controlled Access
  • Tenant Controlled HVAC
  • Walk-Up
  • Smoke Detector
 

  • Listing ID: 31016494

  • Date on Market: 2/21/2024

  • Last Updated:

  • Address: 1561 Pike Rd, Birmingham, AL 35218

The Ensley Highlands Multifamily Property at 1561 Pike Rd, Birmingham, AL 35218 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.

MULTIFAMILY PROPERTIES IN NEARBY NEIGHBORHOODS

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