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1609 11th Ct N 6 Unit Apartment Building $830,144 CAD ($138,357 CAD/Unit) 5.62% Cap Rate Birmingham, AL 35204
Investment Highlights
- Six-unit multifamily apartment building in Birmingham.
- Dedicated resident parking is available on-site.
- Convenient access to Interstate 65 and regional transportation routes.
- Located minutes from Downtown Birmingham and major employers.
- Units are served by gas and electric utilities.
- Property is located within a designated Opportunity Zone.
Executive Summary
1609 11th Ct N presents an opportunity to acquire a multifamily apartment asset in Birmingham's Fountain Heights area, just northwest of Downtown Birmingham. The property consists of six residential units within a two-story apartment building and benefits from proximity to the city's employment centers, entertainment venues, and transportation infrastructure. Convenient access to Interstate 65 and downtown destinations supports tenant connectivity throughout the Birmingham metro area.
The asset offers a unit mix of six two-bedroom, one-bathroom apartments and includes on-site parking. The property's established residential use, multifamily zoning, and location near downtown activity centers position it for investors seeking exposure to one of Alabama's largest metropolitan markets. The surrounding area provides access to employment, retail, dining, educational institutions, and public transportation options that support ongoing rental demand.
Constructed in 1971, the property has historically operated as a multifamily investment and has been marketed as a fully occupied apartment community. Utility infrastructure includes gas and electric service to the units, and the site contains dedicated parking for residents. The property's location within a designated Opportunity Zone may provide qualifying investors with access to applicable Opportunity Zone tax benefits, subject to program requirements.
The asset offers a unit mix of six two-bedroom, one-bathroom apartments and includes on-site parking. The property's established residential use, multifamily zoning, and location near downtown activity centers position it for investors seeking exposure to one of Alabama's largest metropolitan markets. The surrounding area provides access to employment, retail, dining, educational institutions, and public transportation options that support ongoing rental demand.
Constructed in 1971, the property has historically operated as a multifamily investment and has been marketed as a fully occupied apartment community. Utility infrastructure includes gas and electric service to the units, and the site contains dedicated parking for residents. The property's location within a designated Opportunity Zone may provide qualifying investors with access to applicable Opportunity Zone tax benefits, subject to program requirements.
Property Facts
| Price | $830,144 CAD | Building Class | C |
| Price Per Unit | $138,357 CAD | Lot Size | 0.21 AC |
| Sale Type | Investment | Building Size | 9,225 SF |
| Cap Rate | 5.62% | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1971 |
| Property Subtype | Apartment | Parking Ratio | 1.83/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | Multifamily | ||
| Price | $830,144 CAD |
| Price Per Unit | $138,357 CAD |
| Sale Type | Investment |
| Cap Rate | 5.62% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 9,225 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1971 |
| Parking Ratio | 1.83/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | Multifamily |
Amenities
Unit Amenities
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | - | - |
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 22-00-26-4-018-004.000 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $102,772 CAD |
Property Taxes
Parcel Number
22-00-26-4-018-004.000
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$102,772 CAD
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1609 11th Ct N
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