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R Apartments on 4th Avenue 7778-7780 4th Ave S 20 Unit Apartment Building $2,100,000 ($105,000/Unit) 6.63% Cap Rate Birmingham, AL 35206
Investment Highlights
- Property was fully renovated in 2021.
- Located in an opportunity zone, within a mile of three schools.
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 | Building Class | C |
| Price Per Unit | $105,000 | Lot Size | 0.56 AC |
| Sale Type | Investment | Building Size | 15,250 SF |
| Cap Rate | 6.63% | Average Occupancy | 90% |
| No. Units | 20 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1968/2021 |
| Property Subtype | Apartment | Parking Ratio | 1.79/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | CR6 - Village Business (C-6) zoning in Alabama, specifically noted in Huntsville, provides for a blend of small-scale retail, offices, and residential uses, emphasizing pedestrian-friendly environments. | ||
| 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 - Village Business (C-6) zoning in Alabama, specifically noted in Huntsville, provides for a blend of small-scale retail, offices, and residential uses, emphasizing pedestrian-friendly environments. |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Hardwood Floors
- Refrigerator
- Range
- Window Coverings
Site Amenities
- 24 Hour Access
- Video Patrol
- Furnished Units Available
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 10 | - | 700 - 725 |
| 2+1 | 10 | - | 850 |
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 23-00-14-2-016-016.000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $123,160 |
Property Taxes
Parcel Number
23-00-14-2-016-016.000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$123,160
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Presented by
Barnes & Associates
R Apartments on 4th Avenue | 7778-7780 4th Ave S
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