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Madrid Avenue Apartments 7720-7730 Madrid Ave 20 Unit Apartment Building For Sale 7.18% Cap Rate Birmingham, AL 35206
INVESTMENT HIGHLIGHTS
- Easy access to I-20 less than a 10-minute drive to Birmingham-Shuttlesworth International Airport
- Latest Leases Achieving up to $750
- 7.18% Cap Rate with Clear Path to 9%+ Cap Rate
- Average unit size: ±750 SF
- Current Avg Rents: $800 (presenting 12% rental upside)
- 16/20 Units Fully Renovated
EXECUTIVE SUMMARY
Hutt Cooke
License # 000110253 - 0 (AL)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
License # 000110253 - 0 (AL)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
PROPERTY FACTS
| Sale Type | Investment | Building Class | C |
| Cap Rate | 7.18% | Building Size | 15,000 SF |
| No. Units | 20 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1964 |
| Apartment Style | Low-Rise |
| Sale Type | Investment |
| Cap Rate | 7.18% |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Building Size | 15,000 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1964 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 20 | - | 750 |
1 1
PROPERTY TAXES
| Parcel Number | 23-00-14-2-020-014.000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $196,780 |
PROPERTY TAXES
Parcel Number
23-00-14-2-020-014.000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$196,780
(866) 889-0550
x4494
CONTACTS
-
Braxton Wetzler -
Caleb Frizzell -
Matthews Real Estate Investment Services, Inc.
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Madrid Avenue Apartments | 7720-7730 Madrid Ave
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