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261 3rd Ave SW unit 100
Birmingham, AL 35211
University Crossings · Multifamily Property For Sale
·
168 Units
PROPERTY FACTS
| No. Units | 168 | Building Size | 197,650 SF |
| Property Type | Multifamily | Average Occupancy | 77% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1970/2019 |
| Building Class | B | Parking Ratio | 1.42/1,000 SF |
| Lot Size | 8.57 AC | ||
| Zoning | R-6 | ||
| No. Units | 168 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 8.57 AC |
| Building Size | 197,650 SF |
| Average Occupancy | 77% |
| No. Stories | 2 |
| Year Built/Renovated | 1970/2019 |
| Parking Ratio | 1.42/1,000 SF |
| Zoning | R-6 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Washer/Dryer Hookup
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Carpet
- Dining Room
- Family Room
- Vinyl Flooring
- Window Coverings
SITE AMENITIES
- 24 Hour Access
- Playground
- Tenant Controlled HVAC
- Online Services
- Walk-Up
ABOUT 261 3RD AVE SW UNIT 100 , BIRMINGHAM, AL 35211
The Pointe on Third I - is a two story 168 unit brick apartment community built on slab foundations. This apartment community is independently metered for water (rare for an apartment complex of this size with this many individual units). The property has low maintenance metal roofs. This complex is currently 100% vacant and is in the process of redevelopment. It is currently in phase I of updating and renovating 40 units. Phase one has a majority of work and finishes complete. Itis still lacking exterior electrical and HVAC. The Pointe on Third I is in the West End neighborhood of Birmingham and is located in close proximity to Princeton Baptist Medical Center and The City of Birmingham Crossplex. This location is also minutes from downtown Birmingham CBD and UAB. This is a value add opportunity to complete rehab and stabilize property.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 28 | $520.00 | 525 - 650 |
| 2+1 | 136 | $585.00 | 574 - 775 |
| 3+1 | 4 | $760.00 | 1,144 - 1,224 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $1,806,380 |
PROPERTY TAXES
