Updated Condo in Oak
For Sale
$177,450
1208 MORNING SUN DRIVE #1208, Birmingham, AL 35242
Two-bedroom condo with updated features and community amenities.
Property Size1,121 SF
Days on Market617
Property Features for 1208 MORNING SUN DRIVE #1208
General Information
Standard status
Active
Size
1,121 SF
Property subtype
Condominium
Amenities
Fireplace
Cooling: Central (COOL)
Heating: Central (HEAT)
Deck, Pool, Porch, Cooktop-Electric, Dishwasher Built-In, Disposal, Microwave Built-In, Refrigerator
Building Details
Building Size
1,121 SF
Year Built
1985
Listing Agency:
KW Hoover
Listed By:
Katie Grzybowski · License #135132
(205) 729-1370
Source:
Kw
Added: Feb 15, 2025
Changed: Oct 16
Last Checked: Oct 24 at 9:10PM
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 KW Hoover
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-bedroom, two-bathroom condo is located in Meadowbrook, within the Oak Mountain school district. The property features updated elements including fresh paint, new LPV flooring, and smooth ceilings. The kitchen includes wood cabinets with a backsplash. The master bathroom has been redone and features a walk-in shower. Bookshelves located beside the fireplace will remain with the property. Residents have access to a community pool, tennis and basketball courts, and a dog park.
Key Highlights
- Convenient direct entry from parking area with minimal steps.
- Located in the highly sought‑after Oak Mountain school district.
- Updated with fresh paint and brand new LPV flooring.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,084
Cap Rate
4.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$161,680
$161.7K
Cap Rate 7%
$115,486
$115.5K
Cap Rate 9%
$89,822
$89.8K
Market Conditions
NOI Build-Up for 1,121 SF
Gross rent
$16.3K $14.52/SF
− Vacancy
−$1.6K −$1.41/SF
EGI
$14.7K $13.11/SF
− OpEx
−$6.6K −$5.90/SF
NOI
$8.1K $7.21/SF
Area
Birmingham, AL
Vacancy
9.70%
Lease Rate
$14.52 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$161,680
Cap Rate 7%
$115,486
Cap Rate 9%
$89,822
Alternative Uses
Best Use
Apartment 5plus
$115.5K
$101.1K – $134.7K
NOI $8,084 @ 7.0% cap · market cap 4.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$263.1K
$230.2K – $307.0K
NOI $18,418 @ 7.0% cap · market cap 10.38%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
560
Businesses Nearby
Explore this area
Business Placement
Demographics for 35242, AL
57,008
Population
25,247
Households
2.3
Avg Household Size
42
Median Age
65%
College-Educated
97%
High-School Grad
52.4 sq mi
ZIP Area
1,088
Density / Sq Mi
$116,053
Median Household Income
$59,731
Median Earnings
$1,430
Median Rent
$452,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Two-bedroom condo with updated features and community amenities.
Where is this apartment building located?
The property is located at 1208 MORNING SUN DRIVE #1208 Birmingham, AL.
What is the asking price?
The asking price for this property is $177,450.
What are key features of this property?
This property features: Convenient direct entry from parking area with minimal steps.; Located in the highly sought‑after Oak Mountain school district.; Updated with fresh paint and brand new LPV flooring.
