$1,325,000
SOLD MAY 5, 2025
32 Beds
18 Baths
13,680 Sq Ft
1965 Built

Recently Sold

$97 Per Sq Ft

7% Below List Price

43 Days on Market

Highlights

  • Central Heating and Cooling System
  • Vinyl Flooring
  • 3-minute walk to Woodward Park

About This Home

As of May 2025

100% OCCUPIED! Fully Renovated 18-Unit Apartment Project being sold at a 12% Cap Rate! All new plumbing and electrical. New Kitchens and bathrooms! New windows, New vinyl floors throughout main living and new carpet in the bedrooms. All new HVAC units & ducting. All new Metal Roofs! Interior and all exterior paint. New water lines. Outdoor grilling area. Great location tucked away right beside the beautiful Woodward Park. Units are large and spacious with open floor plans! 4 units are 1bedroom/1bath and 14 units are 2 bedroom/1bath. Section 8 approved! Rents range from $750-$950 a month. Potential to increase. 80% +/- Section 8!

Last Agent to Sell the Property

Margie Beth Shaw

Keller Williams Realty Vestavia Listed on: 08/22/2024

Keller Williams Realty Vestavia

Last Buyer's Agent

Margie Beth Shaw

Keller Williams Realty Vestavia Listed on: 08/22/2024

Keller Williams Realty Vestavia

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1965

Parking

  • On-Street Parking

Home Design

  • Slab Foundation
  • Brick Frame

Flooring

  • Vinyl Flooring

Schools

  • Hemphill Elementary School
  • Arrington Middle School
  • Parker High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Community Details

  • 18 Units
  • Operating Expense $12,600

Listing and Financial Details

  • Tenant pays for all utilities (tenant), cable/tv connect (tenant)
  • The owner pays for trash collection (owner)

Property Details

Home Type

Apartment

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Class: MULTIFAMILY
  • Down Payment Assistance: No
  • Property Type: Apartment
  • Year Built Description: Existing
  • Year Built: 1965
  • Price Per Sq Ft: 1
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1965

Interior Features

  • Floors: Vinyl

Exterior Features

  • Construction: Brick and Frame
  • Foundation: Slab
  • Water Heater: Electric (WTRHTR)

Garage/Parking

  • Parking: 1 Space per Unit, On Street Parking

Utilities

  • Heating: Central Control (HEAT)
  • Cooling: Central Control (COOL)
  • Sewer/Septic System: Connected
  • Water: Public Water

Condo/Co-op/Association

  • Total Units: 18

Schools

  • Elementary School: HEMPHILL
  • Middle School: ARRINGTON
  • High School: PARKER

Lot Info

  • Assessor Parcel Number: 29-00-09-1-010-010.000

Rental Info

  • Owner Pays: Trash Collection (OWNER)
  • Tenant Pays: All Utilities (TENANT), Cable/TV Connect (TENANT)

Tax Info

  • Tax District: BIRMINGHAM

Multi Family

  • Expenses: 12600

MLS Schools

  • Elementary School: HEMPHILL
  • High School: PARKER
  • Jr Middle School: ARRINGTON

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/05/2025 05/05/25 Sold $1,325,000 -7.0% $97 / Sq Ft
04/23/2025 04/23/25 For Sale $1,425,000 0.0% $104 / Sq Ft
04/02/2025 04/02/25 Off Market $1,425,000 -- --
08/22/2024 08/22/24 For Sale $1,425,000 -- $104 / Sq Ft
Source: Greater Alabama MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Alabama MLS

MLS Number: 21395372

Greater Alabama MLS

APN: 29-09-1-010-010.000-RR-00