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(205) 410-1005
LoKation Real Estate LLC
1517 Cullman Ave, Birmingham, AL 35208
- $2,975,000
- List Price
- $2,975,000
- Status
- ACTIVE
- Days on Market
- 79
- MLS#
- 21462708
- Subtype
- Residential Income
- Year Built
- 1930
- Subdivision
- NONE
- MLS Area Major
- 290
Property Description
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.
Additional Information
- Flooring
- Laminate, Wall-To-Wall Carpet
- Air Conditioning
- Window/Wall
- Elementary School
- Minor
- Middle School
- Bush Hills Academy
- High School
- Jackson-Olin
Listing courtesy of ARC Realty Vestavia.