1904 29th Ave N

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Address: 1904 29th Ave N, Birmingham, AL 35207, USA

Atlanta & Southeast + Apartment Buildings

Created date: June 12, 2024

Date last updated: September 3, 2024

- 5,502 SF building with 11 units
- 3 of 11 rented for $825-$925 per unit.
- Open to creative / seller financing with at least a 20% "down" payment
- Appraised for $785,000 in February 2024 based on income approach
- Closing can be conditional on more units being rented
- Recently renovated with a new roof & updated electrical, plumbing, flooring, paint, & window units (Heat/Cool)
- Potential for long-term growth and steady rental income
- No T12 or Rent roll as apartment was completely renovated

Property Description

Open to creative or seller financing with 20% "down"! Invest in a fully renovated 11 unit apartment with only 3 of 11 units rented. Clear value add opportunity by simply renting up the vacant units. Appraisal done in February for $785,000 based on income approach. This 5,502 SF multifamily building offers a fully renovated building actively being leased. The property's location provides easy access to amenities and city conveniences, making it an attractive investment opportunity.

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Key Property Information

Listing Status:	Unavailable
Listing Type:	Call for offers
Property Types:	Apartment Buildings
Price:	$630,000
No. of Units:	11
Year Built:	1957
Lot Size:	0.32 Sq ft
Opportunity Zone:	No
Price per unit:	$57,273
Property Website	Click Here