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7721 1st Ave S 8 Unit Apartment Building $984,454 CAD ($123,057 CAD/Unit) 6.26% Cap Rate Birmingham, AL 35206
Investment Highlights
- ?Family-friendly floorplans
- 3 bedroom units
- Majority of units renovated in 2024-2025
Executive Summary
Eight-unit, all 3BR/1BA offered as-is at $695,000 ($86,875/unit). Majority of units renovated in 2024-25. Five of eight units currently occupied with three vacant units ready for immediate lease-up
Property Facts
| Price | $984,454 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $123,057 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 1.00 AC |
| Cap Rate | 6.26% | Building Size | 7,567 SF |
| No. Units | 8 | Average Occupancy | 62% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1988/2025 |
| Zoning | MUL | ||
| Price | $984,454 CAD |
| Price Per Unit | $123,057 CAD |
| Sale Type | Investment |
| Cap Rate | 6.26% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.00 AC |
| Building Size | 7,567 SF |
| Average Occupancy | 62% |
| No. Stories | 2 |
| Year Built/Renovated | 1988/2025 |
| Zoning | MUL |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1 | 8 | - | 956 |
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 23-00-14-2-018-006.000 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $143,405 CAD |
Property Taxes
Parcel Number
23-00-14-2-018-006.000
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$143,405 CAD
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7721 1st Ave S
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