Multifamily
Iron City Lofts
2725 4th Ave S, Birmingham, AL 35233
Listing Price: Request For Offer
Investment Overview
Marcus and Millichap is pleased to present the exclusive opportunity to acquire Iron City Lofts, a 70-unit luxury midrise multifamily community located in the heart of Birmingham, Alabama. Constructed in 2016 and nestled within downtown Birmingham’s Lakeview Entertainment District, Iron City Lofts will arrive to market fully stabilized and priced well below replacement cost, offering future ownership an opportunity to acquire newer vintage construction located within one mile of UAB, the state's largest employer and home to 21,000+ university students.
Iron City Lofts
Investment Highlights
- Next investor will be well-positioned to close the existing rental gap between the asset and the recently stabilized rental comp set which currently exceeds $300/month.
- Iron City Lofts offers spacious one and two-bedroom floorplan configurations that feature modern amenities with luxurious unit interiors such as 10-foot ceiling heights and stunning views of downtown.
- Amenities include an expansive rooftop terrace with swimming pool, fitness center, clubhouse, secure gated parking, climate-controlled onsite storage and a dog washing facility.
Exclusively Listed By
Investment Highlights
- Next investor will be well-positioned to close the existing rental gap between the asset and the recently stabilized rental comp set which currently exceeds $300/month.
- Iron City Lofts offers spacious one and two-bedroom floorplan configurations that feature modern amenities with luxurious unit interiors such as 10-foot ceiling heights and stunning views of downtown.
- Amenities include an expansive rooftop terrace with swimming pool, fitness center, clubhouse, secure gated parking, climate-controlled onsite storage and a dog washing facility.
Investment Overview
Marcus and Millichap is pleased to present the exclusive opportunity to acquire Iron City Lofts, a 70-unit luxury midrise multifamily community located in the heart of Birmingham, Alabama. Constructed in 2016 and nestled within downtown Birmingham’s Lakeview Entertainment District, Iron City Lofts will arrive to market fully stabilized and priced well below replacement cost, offering future ownership an opportunity to acquire newer vintage construction located within one mile of UAB, the state's largest employer and home to 21,000+ university students.
Exclusively Listed By
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