Hillcrest 44-Unit Apartment
For Sale
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100 Pinson Place, Birmingham, AL 35215
Remodeled multifamily property with established occupancy in Jefferson County, near Birmingham.
Property SizeContact for details
Lot Size4.60 Acres
Days on Market55
Property Features for 100 Pinson Place
General Information
Standard status
Active
Lot size
4.60 Acres
Property subtype
Multifamily
Occupancy
91%
Net Operating Income
$162,974
Financials
Asking Price
$3,200,000
Cap Rate
5.09%
Site & Location
Neighborhood
Echo Highlands
Additional Details
Multifamily Units
44
Building Details
Year Built
1977
Year Renovated
2020
Listing Agency:
Watts Realty Company
Listed By:
Chip Watts · License #AL 62851
(205) 966-1908
Source:
Crexi
Added: Sep 11
Changed: Nov 2
Last Checked: Nov 3 at 6:21AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Watts Realty Company
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Investment Insights
Based on property information with market context.
Hillcrest is a 44-unit apartment property at 100 Pinson Place in Birmingham, Alabama. Originally built in 1977, the building underwent a full remodel in 2020 and occupies approximately 4.6 acres in Jefferson County. The property is currently 91% occupied, with four units available for lease.
The asset sits just outside Birmingham and its surrounding municipalities, offering an apartment configuration within a more rural setting. Trailing net operating income is $162,974, and the going-in yield is 5.09%. A stabilized projection based on leasing the vacant units and achieving average rents of $863 indicates net operating income of $247,986 and a 7.75% yield.
The asset sits just outside Birmingham and its surrounding municipalities, offering an apartment configuration within a more rural setting. Trailing net operating income is $162,974, and the going-in yield is 5.09%. A stabilized projection based on leasing the vacant units and achieving average rents of $863 indicates net operating income of $247,986 and a 7.75% yield.
Key Highlights
- 44‑unit apartment property on approximately 4.6 acres
- Built in 1977 and fully remodeled in 2020
- 91% occupied with four vacant units
Property Analytics
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Lease Details
44
Residential units
91%
Occupancy
Location Intelligence
Trade Area within ½ mile
199
Businesses Nearby
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Business Placement
Demographics for 35215, AL
46,772
Population
19,718
Households
2.4
Avg Household Size
34
Median Age
18%
College-Educated
88%
High-School Grad
28.3 sq mi
ZIP Area
1,653
Density / Sq Mi
$51,854
Median Household Income
$32,323
Median Earnings
$1,080
Median Rent
$146,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Remodeled multifamily property with established occupancy in Jefferson County, near Birmingham.
Where is this apartment building located?
The property is located at 100 Pinson Place Birmingham, AL.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: 44‑unit apartment property on approximately 4.6 acres; Built in 1977 and fully remodeled in 2020; 91% occupied with four vacant units
