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Multifamily

Community Gardens Apartments

7806 1st Ave N, Birmingham, AL 35206

Listing Price: Request For Offer

Number of Units
41
Occupancy
100.0%

Investment Overview

The Gulf States office of Marcus and Millichap is pleased to present the exclusive opportunity to acquire Community Gardens Apartments, 41 units located within minutes of downtown Birmingham, AL. Community Gardens will arrive to market 100% occupied with average rents of $750. Since 2015, the entire property has been rehabilitated, including a complete renovation of all interior units, windows, HVAC systems, plumbing, electrical systems, appliances, drywall, cabinetry, flooring and lighting. This asset is being offered free and clear of existing debt and provides a stable, cash-flowing opportunity for the next investor.

Investment Highlights

  • Total gut-level rehab in the last six years along with exterior property rehabilitation. All new systems, HVACs, roofs, flooring, plumbing, etc.
  • Community Gardens will arrive to market 100% occupied with average rents of $750.
  • Nestled only 10 minutes from downtown Birmingham near the top employment and entertainment drivers in the city.

Exclusively Listed By

Multifamily

Community Gardens Apartments

Listing Price: Request For Offer

Number of Units
41
Occupancy
100.0%

Investment Highlights

  • Total gut-level rehab in the last six years along with exterior property rehabilitation. All new systems, HVACs, roofs, flooring, plumbing, etc.
  • Community Gardens will arrive to market 100% occupied with average rents of $750.
  • Nestled only 10 minutes from downtown Birmingham near the top employment and entertainment drivers in the city.

Investment Overview

The Gulf States office of Marcus and Millichap is pleased to present the exclusive opportunity to acquire Community Gardens Apartments, 41 units located within minutes of downtown Birmingham, AL. Community Gardens will arrive to market 100% occupied with average rents of $750. Since 2015, the entire property has been rehabilitated, including a complete renovation of all interior units, windows, HVAC systems, plumbing, electrical systems, appliances, drywall, cabinetry, flooring and lighting. This asset is being offered free and clear of existing debt and provides a stable, cash-flowing opportunity for the next investor.

Exclusively Listed By

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