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Portfolio of 3 Multifamily Properties 3 Multifamily Properties Offered at $1,950,000 in Birmingham, AL
Investment Highlights
- Significant recent capital improvements across the portfolio
- Individually metered utilities at two of three sites
- Future upside through rent growth and possible expansion at Pike Road
- Long-term, reliable tenant base with below-market rents
- Strong occupancy across all three assets (currently 96% overall)
Executive Summary
Three-Building Birmingham Multifamily Portfolio
Offered at $1,950,000 | ~$69.5K Per Door | 28 Units Total
This well-maintained, income-producing three-building portfolio offers a rare opportunity to acquire 28 units of classic, value-add multifamily across stable Birmingham submarkets. With strong historical occupancy, dependable tenant bases, and proven capital improvements already completed, the portfolio is primed for both immediate cash flow and long-term rent growth.
2418 Eufaula Court – 12 Units
Built in 1957, this solid brick structure offers spacious 2BR/1BA layouts with all-electric utilities, wall heat, and window A/C units. Tenants are separately metered for power and water, minimizing landlord expenses. Key improvements include a new metal roof (2016) and parking lot repaving (2019). Currently 92% occupied, with below-market rents at $550/month providing room for upside.
2651 Pike Road – 6 Units + Development Land
Constructed in 1979, this two-story brick and wood building features all 2BR/1BA units with central HVAC. The landlord covers water, sewer, and garbage. The site includes additional land ideal for future expansion or infill development. 100% occupied with consistent tenancy and current rents at $600/month.
1700 Warrior Road – 10 Units
Built in 1976, this two-story brick and vinyl building includes central HVAC, separately metered utilities, and long-term tenants. The property has benefited from a new metal roof (2016) and parking lot repaving (2019). Fully leased with strong in-place income and current rents at $625/month.
This portfolio offers a compelling opportunity for investors seeking scale, stability, and upside in one of Alabama’s most resilient rental markets.
Offered at $1,950,000 | ~$69.5K Per Door | 28 Units Total
This well-maintained, income-producing three-building portfolio offers a rare opportunity to acquire 28 units of classic, value-add multifamily across stable Birmingham submarkets. With strong historical occupancy, dependable tenant bases, and proven capital improvements already completed, the portfolio is primed for both immediate cash flow and long-term rent growth.
2418 Eufaula Court – 12 Units
Built in 1957, this solid brick structure offers spacious 2BR/1BA layouts with all-electric utilities, wall heat, and window A/C units. Tenants are separately metered for power and water, minimizing landlord expenses. Key improvements include a new metal roof (2016) and parking lot repaving (2019). Currently 92% occupied, with below-market rents at $550/month providing room for upside.
2651 Pike Road – 6 Units + Development Land
Constructed in 1979, this two-story brick and wood building features all 2BR/1BA units with central HVAC. The landlord covers water, sewer, and garbage. The site includes additional land ideal for future expansion or infill development. 100% occupied with consistent tenancy and current rents at $600/month.
1700 Warrior Road – 10 Units
Built in 1976, this two-story brick and vinyl building includes central HVAC, separately metered utilities, and long-term tenants. The property has benefited from a new metal roof (2016) and parking lot repaving (2019). Fully leased with strong in-place income and current rents at $625/month.
This portfolio offers a compelling opportunity for investors seeking scale, stability, and upside in one of Alabama’s most resilient rental markets.
Data Room Click Here to Access
- Operating and Financials
Taxes & Operating Expenses (Pro Forma - 2025) Click Here to Access |
Annual |
|---|---|
| Gross Rental Income |
$99,999
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$99,999
|
| Taxes |
$99,999
|
| Operating Expenses |
$99,999
|
| Total Expenses |
$99,999
|
| Net Operating Income |
$99,999
|
Taxes & Operating Expenses (Pro Forma - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
Property Facts
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 2418 Eufaula Ct, Birmingham, AL 35208 | Multifamily | 10,248 SF | 1957 | $835,000 |
| 1700 Warrior Rd, Birmingham, AL 35208 | Multifamily | 9,829 SF | 1976 | - |
| 2651 Pike Rd, Birmingham, AL 35208 | Multifamily | 6,011 SF | 1979 | - |
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Portfolio of 3 Multifamily Properties
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