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McMillon Apartments 739 McMillon Ave SW 46 Unit Apartment Building For Sale 10.67% Cap Rate Birmingham, AL 35211
Investment Highlights
- Unit Mix: 1 Bed 1 Bath ±650 SF | 2 Bed 1 Bath ±800 | SF 3 Bed 1 Bath ±893 SF | 3 Bed 2 Bath ±890 SF
- Current Avg Rents: $1,201
- Easy access to I-20 and I-65 and less than a 10-minute drive to Birmingham-Shuttlesworth International Airport
- 44/46 Units are on a Master lease - 1 Bed 1 Bath ±$1,109 | 2 Bed 1 Bath ±$1,245 | 3 Bed 1 Bath ±$1,245 | 3 Bed 2 Bath ±$1,245
- 10.67% Cap Rate
- 98% Occupancy
Executive Summary
Broker of Record
Hutt Cooke
License #000168807-0, 000110253 - 0 (AL)
Matthews Real Estate Investment Services, Inc
1600 West End Ave., Ste. 1500 Nashville, TN 37203
(866) 889-0550
Hutt Cooke
License #000168807-0, 000110253 - 0 (AL)
Matthews Real Estate Investment Services, Inc
1600 West End Ave., Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
| Sale Type | Investment | Building Class | C |
| Cap Rate | 10.67% | Lot Size | 2.30 AC |
| No. Units | 46 | Building Size | 35,740 SF |
| Property Type | Multifamily | Average Occupancy | 98% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1958 |
| Zoning | R1 - Residential | ||
| Sale Type | Investment |
| Cap Rate | 10.67% |
| No. Units | 46 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 2.30 AC |
| Building Size | 35,740 SF |
| Average Occupancy | 98% |
| No. Stories | 2 |
| Year Built | 1958 |
| Zoning | R1 - Residential |
Amenities
Site Amenities
- Wi-Fi
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Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $150,440 |
Property Taxes
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$150,440
(866) 889-0550
x4494
Contacts
-
Braxton Wetzler -
Caleb Frizzell -
Matthews Real Estate Investment Services, Inc.
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Videos
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McMillon Apartments | 739 McMillon Ave SW
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