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604 Pinson Pl - Hillcrest Apartments 44 Unit Apartment Building Offered at $3,200,000 at a 6.90% Cap Rate Birmingham, AL 35215

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Investment Highlights

Each unit has its own washer & dryer connections with newer appliances, LVP flooring, and updated bathrooms.
The region offers competitive utility rates compared to other regions.

All units include newer central heat and air conditioning, spacious floor plans, and plenty of parking.

Executive Summary

Rare find with high income potential, fully remodeled 44-unit apartment building located in Jefferson County, Alabama just outside of Birmingham & its surrounding municipalities. Hillcrest Apartments is close to key amenities including nationally known retail & restaurants as well as local entertainment favorites. This property attracts solid, hard working tenants looking for a somewhat rural area that is still close enough to downtown & suburbia amenities. The property offers drought tolerant landscaping, solid building materials, newer appliances, newer fixtures, newer HVAC, & newer roofs which presents the buyer with a lower maintenance property.

Hillcrest Apts - OM

Property Facts

Price	$3,200,000	Property Type	Multifamily
Price Per Unit	$72,727	Building Size	32,420 SF
Sale Type	Investment	No. Stories	2
Cap Rate	6.90%	Year Built	1977
No. Units	44	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	$3,200,000
Price Per Unit	$72,727
Sale Type	Investment
Cap Rate	6.90%
No. Units	44
Property Type	Multifamily
Building Size	32,420 SF
No. Stories	2
Year Built	1977
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.