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Executive Summary

Introducing an exceptional 20-unit, fully renovated, fully occupied income-producing asset designed for immediate cash flow and long-term portfolio growth. This turnkey property has been thoughtfully upgraded throughout, minimizing deferred maintenance and maximizing operational efficiency. Each unit features modern finishes, attracting and retaining quality tenants. With strong occupancy history and stabilized income, this is a rare opportunity for seasoned investors seeking a low-risk, high-performing asset. Whether expanding your portfolio or completing a 1031 exchange, this property delivers both stability and upside potential.

Property Facts

Price $2,100,000
Price Per Unit $105,000
Sale Type Investment
Cap Rate 6.63%
No. Units 20
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.56 AC
Building Size 15,250 SF
Average Occupancy 90%
No. Stories 2
Year Built/Renovated 1968/2021
Parking Ratio 1.79/1,000 SF
Zoning CR6

Amenities

Unit Amenities

  • Air Conditioning
  • Washer/Dryer Hookup
  • Heating
  • Refrigerator
  • Range
  • Carpet
  • Window Coverings

Site Amenities

  • 24 Hour Access
  • Laundry Facilities
  • Furnished Units Available
  • Walk-Up
  • Smoke Detector

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 10 - 700 - 725
2+1 10 - 850
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100

Property Taxes

Property Taxes

Parcel Number
23-00-14-2-016-016.000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$123,160
  • Listing ID: 39959913

  • Date on Market: 3/30/2026

  • Last Updated:

  • Address: 7778-7780 4th Ave S, Birmingham, AL 35206

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