20-Unit Apartment
For Sale
Contact for pricing
1124 4th Ave W, Birmingham, AL 35204
Five quadplex structures with 90% occupancy and tenant-paid utilities.
Property SizeContact for details
Days on Market142
Property Features for 1124 4th Ave W
General Information
Standard status
Active
Property subtype
Multifamily
Occupancy
90%
Property Condition
Severity
Major Repairs Needed
Evidence
in need of extensive repair
Units
Unit Mix
12 x 3BR/1BA, 6 x 2BR/1BA
Multifamily Units
20
Additional Details
Cap Rate
8%
Building Details
Buildings
5
Listing Agency:
LAH Commercial Real Estate Mountain Brook
(205) 870-8580
Listed By:
Alex Kyriazis · License #000121269-0
Source:
Crexi
Added: Apr 12
Changed: Aug 31
Last Checked: Aug 31 at 4:17AM
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 LAH Commercial Real Estate Mountain Brook
Investment Insights
Based on property information with market context.
This 20-unit apartment property at 1124 4th Ave W in Birmingham, Alabama, consists of 5 quadplexes with overall occupancy of 90%. The unit mix includes 12 3BR 1BA apartments and 6 2BR 1BA apartments, along with 2 units that are currently vacant and require extensive repair. Tenants pay all utilities, while ownership handles taxes, insurance, maintenance and repairs, and common-area power.
The property is located 7 minutes from downtown Birmingham and has a waitlist of prospective renters. Financial characteristics include an 8% CAP Rate on actuals, with rents varying among the units. The offering also includes a 2BR 1BA and 3BR 1BA unit mix across the five-building configuration.
The property is located 7 minutes from downtown Birmingham and has a waitlist of prospective renters. Financial characteristics include an 8% CAP Rate on actuals, with rents varying among the units. The offering also includes a 2BR 1BA and 3BR 1BA unit mix across the five-building configuration.
Key Highlights
- 20‑unit property comprising 5 quadplexes
- 12 3BR 1BA units and 6 2BR 1BA units
- 90% total occupancy with 2 units down vacant
Property Analytics
Property Profile
Current Use
Lease Details
20
Residential units
90%
Occupancy
Location Intelligence
Trade Area within ½ mile
921
Businesses Nearby
Explore this area
Business Placement
Demographics for 35204, AL
9,271
Population
5,333
Households
1.7
Avg Household Size
43
Median Age
14%
College-Educated
83%
High-School Grad
5.0 sq mi
ZIP Area
1,854
Density / Sq Mi
$32,880
Median Household Income
$27,864
Median Earnings
$716
Median Rent
$81,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Five quadplex structures with 90% occupancy and tenant-paid utilities.
Where is this apartment building located?
The property is located at 1124 4th Ave W Birmingham, AL.
What are key features of this property?
This property features: 20‑unit property comprising 5 quadplexes; 12 3BR 1BA units and 6 2BR 1BA units; 90% total occupancy with 2 units down vacant
