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Woodlawn 137 59th St N 23 Unit Apartment Building $2,201,965 CAD ($95,738 CAD/Unit) 11.97% Cap Rate Birmingham, AL 35212
Investment Highlights
- Long term tenants
- washer dryer hookups
- renovated
Executive Summary
3 buildings (One 10-unit, one 9 unit and one quadruplex)
23-units total - currently 2 vacancies
22 units are 2 bed 1 bath & 1 unit is 3 bed / 2 bath
Roofs were replaced in 2020, flooring updated and washer/dryer connections added to all units. Central HVAC - however owner switching to window units as needed as the older type of central HVAC is no longer available to purchase. All 3 buildings showcase light filled open concept living/dining rooms with spacious kitchens, generous sized bedrooms with ample closet space and washer/dryer hook-ups in all units.
23-units total - currently 2 vacancies
22 units are 2 bed 1 bath & 1 unit is 3 bed / 2 bath
Roofs were replaced in 2020, flooring updated and washer/dryer connections added to all units. Central HVAC - however owner switching to window units as needed as the older type of central HVAC is no longer available to purchase. All 3 buildings showcase light filled open concept living/dining rooms with spacious kitchens, generous sized bedrooms with ample closet space and washer/dryer hook-ups in all units.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,201,965 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $95,738 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.68 AC |
| Cap Rate | 11.97% | Building Size | 18,500 SF |
| Sale Condition | Bulk/Portfolio Sale | Average Occupancy | 90% |
| No. Units | 23 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1968/2020 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | R5 - High density residential district allowing multi-family housing such as apartment, townhomes, and condos. | ||
| Price | $2,201,965 CAD |
| Price Per Unit | $95,738 CAD |
| Sale Type | Investment |
| Cap Rate | 11.97% |
| Sale Condition | Bulk/Portfolio Sale |
| No. Units | 23 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.68 AC |
| Building Size | 18,500 SF |
| Average Occupancy | 90% |
| No. Stories | 2 |
| Year Built/Renovated | 1968/2020 |
| Opportunity Zone |
Yes |
| Zoning | R5 - High density residential district allowing multi-family housing such as apartment, townhomes, and condos. |
Amenities
Unit Amenities
- Air Conditioning
- Washer/Dryer Hookup
- Heating
- Kitchen
- Refrigerator
- Vinyl Flooring
Site Amenities
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 22 | $1,231 CAD | - |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 23-00-21-1-013-019.000 | Total Assessment | $143,169 CAD |
| Land Assessment | $0 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $0 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
23-00-21-1-013-019.000
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$143,169 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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Woodlawn | 137 59th St N
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