1517 Cullman Ave Birmingham, AL 35208
Bush Hills NeighborhoodEstimated payment $17,859/month
About This Home
Welcome to Ridgewood Apartments, a 44-Unit community that underwent a complete rehabilitation down to the studs in 2020. The renovation included updated electrical & plumbing systems, new roofs, bathrooms, flooring, windows & improvements to the grounds. The property consists of 44 one-bedroom / one-bathroom units, with approximately 100% occupancy. Ridgewood generates a strong current income with an existing rent roll totaling $32,965/monthly, offering investors the opportunity to acquire a recently renovated, well maintained multifamily property with strong occupancy and established rental income.
Property Details
Home Type
- Condominium
Year Built
- Built in 1930
Home Design
- 795 Sq Ft Home
Bedrooms and Bathrooms
- 1 Bedroom
- 1 Full Bathroom
Schools
- Minor Elementary School
- Bush Hills Academy Middle School
- Jackson-Olin High School
Utilities
- Window Unit Cooling System
Community Details
- 44 Units
- Operating Expense $9,790
Listing and Financial Details
- The owner pays for no utilities (owner)
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $18,270 | $252,000 | ||
| 2024 | $18,039 | $248,820 | ||
| 2022 | $31,919 | $440,260 | $37,480 | $402,780 |
| 2021 | $16,231 | $223,880 | $37,480 | $186,400 |
| 2020 | $7,220 | $99,580 | $37,480 | $62,100 |
| 2019 | $7,220 | $99,580 | $0 | $0 |
| 2018 | $6,070 | $83,720 | $0 | $0 |
| 2017 | $6,070 | $83,720 | $0 | $0 |
| 2016 | $6,070 | $83,720 | $0 | $0 |
| 2015 | -- | $82,180 | $0 | $0 |
| 2014 | $6,215 | $81,300 | $0 | $0 |
| 2013 | $6,215 | $81,300 | $0 | $0 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/20/2026 08/20/26 | For Sale | $2,975,000 | +24.0% | $3,742 / Sq Ft | |
| 01/08/2021 01/08/21 | Sold | $2,400,000 | -90.0% | $73 / Sq Ft | View Prior Sale |
| 09/22/2020 09/22/20 | Pending | -- | -- | -- | |
| 09/08/2020 09/08/20 | For Sale | $24,000,000 | -- | $727 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $725,000 | -- | |
| Warranty Deed | $2,400,000 | -- | |
| Deed | $280,000 | -- | |
| Deed | $295,000 | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $1,920,000 | New Conventional | |
| Previous Owner | $1,325,000 | Commercial |
Source: Greater Alabama MLS
MLS Number: 21462708
APN: 22-32-4-003-001.000-RR-00
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