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The Landings & Ridgewood Apartments 2 Multifamily Properties in Birmingham, AL
INVESTMENT HIGHLIGHTS
- 80 Total Units (2 Assets within 3.0mi of Downtown Birmingham)
- Recently Renovated in the Past 18 Months, Under Current Ownership
- Current Avg Rent: $800 with latest, post-rehab leases achieving up to $950/unit
- Available Individually and as a Package
- Going-in 7%+ Caps with Organic Path to Y1 8%+ Caps, Strong Historical 90%’s+ Occupancy
- Strategic locations, situated off Interstate 20 with access to downtown and Birmingham-Shuttlesworth International Airport
EXECUTIVE SUMMARY
Hutt Cooke
License # 000110253 - 0 (AL)
Matthews Real Estate Investment Services
1600 West End, Ste. 1500 Nashville, TN 37203
License # 000110253 - 0 (AL)
Matthews Real Estate Investment Services
1600 West End, Ste. 1500 Nashville, TN 37203
PROPERTY FACTS
| Sale Type | Investment | Individually For Sale | 0 |
| Status | Active | Total Building Size | 90,000 SF |
| Number of Properties | 2 | Total Land Area | 2.25 AC |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 90,000 SF |
| Total Land Area | 2.25 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
Ridgewood Apartments
1517 Cullman Ave, Birmingham, AL 35208 |
Multifamily | 50,000 SF | 1930 | - |
| 1245 44th St N, Birmingham, AL 35212 | Multifamily | 40,000 SF | 1972 | - |
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The Landings & Ridgewood Apartments
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