Multifamily
The Frank
201 20th St N, Birmingham, AL 35203
Listing Price: Request For Offer
Investment Overview
The Gulf States office of Marcus and Millichap is pleased to present the exclusive opportunity to acquire The Frank apartments, a 180 unit Class “A” multifamily community located in the heart of downtown Birmingham, AL. The Frank, currently lender-owned, will arrive to market offering future ownership the unique opportunity to purchase a fully redeveloped and iconic building for 30-40% below replacement cost. Additionally, further optimization of apartment operations as well as the +/- 10,750 SF of restaurant and retail space on the first floor will result in an above market year one cap rate and yield.
The Frank
Investment Highlights
- The Frank is strategically located near several of the most dynamic major employers in Birmingham, ensuring a steady demand for high quality housing in the immediate area.
- This central location makes the asset highly attractive for residents and investors alike, as it provides convenient access to key job centers and amenities in downtown Birmingham.
- Downtown Birmingham is experiencing notable economic momentum, characterized by a surge in development projects, infrastructure improvements, and job creation.
Exclusively Listed By
Listing Price: Request For Offer
Investment Highlights
- The Frank is strategically located near several of the most dynamic major employers in Birmingham, ensuring a steady demand for high quality housing in the immediate area.
- This central location makes the asset highly attractive for residents and investors alike, as it provides convenient access to key job centers and amenities in downtown Birmingham.
- Downtown Birmingham is experiencing notable economic momentum, characterized by a surge in development projects, infrastructure improvements, and job creation.
Investment Overview
The Gulf States office of Marcus and Millichap is pleased to present the exclusive opportunity to acquire The Frank apartments, a 180 unit Class “A” multifamily community located in the heart of downtown Birmingham, AL. The Frank, currently lender-owned, will arrive to market offering future ownership the unique opportunity to purchase a fully redeveloped and iconic building for 30-40% below replacement cost. Additionally, further optimization of apartment operations as well as the +/- 10,750 SF of restaurant and retail space on the first floor will result in an above market year one cap rate and yield.
Exclusively Listed By
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