705 Knoxville St
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705 Knoxville St
8 Unit Block of Flats £433,950 (£54,244/Unit) Birmingham, AL 35224
Investment Highlights
- Current owners have replaced the roof and 2 HVAC units, all of which are central heat and air with the remaining units being in good, usable condition
- This property has had only 2 owners in the last 24 years, thus showing sustainability and strong rental demand.
Executive Summary
LAH Commercial Real Estate is pleased to present this 8 unit value add Multifamily property located in Birmingham, AL just 14 minutes from the CBD. All units are 710 SF, 2 Bedroom 1 Bathroom, with W/D connections; 3 of the 8 have been fully rehabbed with brand new finishes and are currently in the lease up phase at $1,200 a month; the remaining 5 units are rented with month to month tenants at below market rents, providing a new investor with an immediate value add opportunity. Call Broker for more details regarding the property, i.e. financials and additional information.
Property Facts
| Price | £433,950 | Building Class | C |
| Price Per Unit | £54,244 | Lot Size | 0.40 AC |
| Sale Type | Investment | Building Size | 5,680 SF |
| No. Units | 8 | Number of Floors | 2 |
| Property Type | Residential | Year Built | 1978 |
| Property Subtype | Apartment | Parking Ratio | 1.25/1,000 SF |
| Apartment Style | Low Rise |
| Price | £433,950 |
| Price Per Unit | £54,244 |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.40 AC |
| Building Size | 5,680 SF |
| Number of Floors | 2 |
| Year Built | 1978 |
| Parking Ratio | 1.25/1,000 SF |
Unit Amenities
- Air Conditioning
- Microwave
- Washer/Dryer Hookup
- Heating
- Kitchen
- Refrigerator
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Recycling
- Smoke Free
- Walking/Biking Trails
- Private Bathroom
- Walk-Up
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PROPERTY TAXES
| Parcel Number | 30-00-02-1-021-006.000 | Improvements Assessment | £0 |
| Land Assessment | £0 | Total Assessment | £50,908 |
PROPERTY TAXES
Parcel Number
30-00-02-1-021-006.000
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£50,908
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Alex Kyriazis -
LAH Commercial Real Estate
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705 Knoxville St
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