5714 - 5731 Court M
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5714 - 5731 Court M
20 Unit Block of Flats £942,855 (£47,143/Unit) 8.21% Net Initial Yield Birmingham, AL 35228
Executive Summary
--Stabilized Value Add 20 unit Multifamily Deal in Birmingham, AL
--17 of the 20 units occupied; 2 are vacant and move-in ready; 2 are down vacant and in need of minimal repairs
--Room to increases rents as they are well under market
--Sellers are ready to make a deal but do not have to take a "bird in hand"
--Contact Broker with any and all inquiries
--17 of the 20 units occupied; 2 are vacant and move-in ready; 2 are down vacant and in need of minimal repairs
--Room to increases rents as they are well under market
--Sellers are ready to make a deal but do not have to take a "bird in hand"
--Contact Broker with any and all inquiries
Property Facts
| Price | £942,855 | Building Class | C |
| Price Per Unit | £47,143 | Lot Size | 2.18 AC |
| Sale Type | Investment | Building Size | 11,000 SF |
| Net Initial Yield | 8.21% | Average Occupancy | 80% |
| No. Units | 20 | Number of Floors | 1 |
| Property Type | Residential | Year Built/Renovated | 1949/2024 |
| Property Subtype | Apartment | Parking Ratio | 0.82/1,000 SF |
| Apartment Style | Garden |
| Price | £942,855 |
| Price Per Unit | £47,143 |
| Sale Type | Investment |
| Net Initial Yield | 8.21% |
| No. Units | 20 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.18 AC |
| Building Size | 11,000 SF |
| Average Occupancy | 80% |
| Number of Floors | 1 |
| Year Built/Renovated | 1949/2024 |
| Parking Ratio | 0.82/1,000 SF |
Site Amenities
- 24 Hour Access
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 20 | - | 541 |
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £0 | |
| Land Assessment | £0 | Total Assessment | £113,285 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£113,285
zoning
| Zoning Code | B2 (Commercial) |
| B2 (Commercial) |
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Alex Kyriazis -
LAH Commercial Real Estate
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5714 - 5731 Court M
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