59,499 SFPrice Upon Req.
Property Tours Available!October 23rd from 10:00 AM to 1:00 PMOctober 30th from 10:00 AM to 1:00 PMFor further details, please reach out to Listing Broker Jimmy Adams (205) 414-7460Auction.com and the Multi Housing Advisors are proud to present the Magnolia Trace Apartments, a 56 unit apartment complex in Birmingham, Alabama. The complex includes six 2-level apartment buildings totaling 59,499 SQFT of gross living area and one clubhouse/office containing 716 SQFT. The unit mix consists of: 14- 2BD/1.5BTH; 32- 2 BD/1.5 BTH w/Garage; 10-3BD/1.5BTH w/Garage. The improvements are comprised of block foundation, wood-frame construction, pitched roofs and vinyl siding originally constructed in 1973 with renovations in 1998. The Magnolia Trace is conveniently located just minutes from I-59/20 with Trussville shopping right around the corner and is located in the Jefferson County school district.Due Diligence SummaryA snapshot of the due diligence documents has been prepared for this asset.Download Here
18 units Avg. rent $500.00 Roof replaced 2009 Washer/Dryer connections Occupancy 100%
Historic red brick, two story, 4 unit apartment building on busy boulevard in attractive neighborhood. Two units on ground level and two residential units on upper level. Due to slope of lot, all units are accessed at ground level. Entry to units includes a huge covered porch. Building has 6160 sq ft; built in 1930. Current price based on urgent need to sell and some pending minor repairs. Ground level storefronts can be used "as is" for storage or with tenant improvements can be used for retail. Electrical rewiring and new HVAC units were installed in 2013. Recent roof repairs, May 2014.
7,884 SFPrice Upon Req.
Brick/Vinyl building with six 2 BR/1BA units on main level and six 2 BR/1BA units on upper level. W/D connections, electric, each unit includes a refrigerator and stove, all utilities paid by tenants. Trash service provided by landlord. Possible annual income of $61,200.00. Lot size is approximate. Each apartment is approximately 657 S.F.
Strike Price: $16,8MM More information upon request
61 rental homes in the Birmingham area. All have tenants. The information in this listing is deemed to be reliable but not guaranteed. Potential purchasers should verify all status of houses before purchasing. Square footage varies from house to house. Seller will give purchaser all updated information available. Listing broker is a licensed real estate broker and part owner. Selling real estate broker will receive a 3% commission at closing.
Recently updated 4 - plex with refinished hardwood floors, built in bookshelves, stainless appliances, washer/dryer units, dishwashers, decks, off street parking.
Two story all brick with lots of parking at front door on asphalt surface plus yard area with sidewalks. Lot is level with easy access. Tenants furnish their own appliances and pay all utilities, direct meters and water/sewer on a RUBS program. Each apartment has a washer connection, central HVAC.
Built in 1980, Town Park in Birmingham, Alabama offers apartment living situated on 13.65 acres (19.78 units per acre) of landscaped grounds and includes a mix of one-, two-, and three-bedroom apartment homes totaling 255,750 rentable square feet. The community consists of270 units averaging a comfortable 947 square feet. There are 60 one-bedroom / one-bath units (750 square feet), 160 two-bedroom / one-and-one half-bath units (950 square feet), and 50 three-bedroom / two-bath units (1,175 square feet). The 10 residential buildings and one clubhouse are constructed of wood frame, brick veneer, and vinyl siding with pitched, 30-year architectural asphalt-fiberglass composite shingles over felt paper roofs. There are a total of 382 parking spaces on-site.