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Renovated Furnished Apartment Building
For Sale
$1,195,000

1028 22nd St S, Birmingham, AL 35205

Fully renovated, furnished 8-unit apartment building operating as short-term rentals.

Property Size4,440 SF
Price / SF$269.14
Days on Market184

Property Features for 1028 22nd St S

General Information

Standard status Active
Size 4,440 SF
Property subtype Multifamily

Building Details

Building Size 4,440 SF
Year Built 1950
Listing Agency: Red Rock Realty Group
Listed By: Bud Ballard · License #000105215
Source: Redrockrg
Added: Mar 27 Changed: Sep 11 Last Checked: Sep 26 at 5:06AM

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 Red Rock Realty Group

Investment Insights

Based on property information with market context.

This is a renovated 8-unit apartment building operating as fully furnished short-term rentals. The current owner fully renovated the property, starting with 6 units in November 2022 and recently converting the remaining 2 units to short-term rentals as well. The building, with a size of 4440 square feet, is fully furnished and located within walking distance of various Birmingham restaurants and entertainment venues, including Bottega, Freddy's Wine Bar, and Chez Fon Fon. The property is professionally managed, offering new owners the option to utilize existing agreements or self-manage. The zoning is favorable for short-term rentals.

Key Highlights

  • Fully renovated 8‑unit apartment building operating as fully furnished short‑term rentals
  • Prime location within walking distance to popular Birmingham restaurants and entertainment
  • Zoning is favorable for short‑term rentals

Property Analytics

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Current Use

Short term rental ...

Suggested Use

Top Pick Daycare Center HVAC Service Bakery Nail Salon Barber Shop (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

7,391
Businesses Nearby

Demographics for 35205, AL

20,137
Population
11,908
Households
1.7
Avg Household Size
30
Median Age
56%
College-Educated
95%
High-School Grad
3.7 sq mi
ZIP Area
5,442
Density / Sq Mi
$49,194
Median Household Income
$35,230
Median Earnings
$1,005
Median Rent
$292,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Short term rental property - Fully renovated, furnished 8-unit apartment building operating as short-term rentals.
Where is this short term rental property located?
The property is located at 1028 22nd St S Birmingham, AL.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: Fully renovated 8‑unit apartment building operating as fully furnished short‑term rentals; Prime location within walking distance to popular Birmingham restaurants and entertainment; Zoning is favorable for short‑term rentals
More about this property
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