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    3252 Warringwood Dr Hoover, AL 35216

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    For Sale
    $1,100,000

    Well-maintained, renovated 8-unit multifamily property in desirable Hoover, AL.

    Property size:
    10,176 SF

    Property Features for 3252 Warringwood Dr

    General Information

    Size
    10,176 SF

    Building Details

    Year built
    1970

    Source: Richard McDonald Agent Richard McDonald

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Hoover Multifamily Investment Opportunity

    Warringwood Apartments presents an investment opportunity in Hoover, AL. This multifamily property, constructed in 1970, contains 8 units within its 12,000 square feet. Recent renovations include stainless steel appliances and LVP flooring. The property is currently 100% occupied, providing a reliable income stream. Located in a desirable suburban submarket of Birmingham, this garden-style apartment community is suited for investors seeking stability and long-term growth in a high-demand rental market. The location in Hoover provides residents with access to schools, major employers, and retail and dining options. The property is located minutes from the Riverchase Galleria, Stadium Trace Village, and other commercial hubs. Hoover is a sought-after location for multifamily investment due to its proximity to major transportation routes and reputation for quality living. The location offers access to amenities and attractions, including shopping and dining at The Summit and Riverchase Galleria, and outdoor activities at Moss Rock Preserve and Aldridge Gardens. This location is near major employment centers and has potential for sustained growth and tenant demand.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hoover
    County
    Jefferson
    State
    Alabama
    Longitude
    -86.794175
    Latitude
    33.4013698

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    FAQs

    What type of property is this?
    Apartment building - Well-maintained, renovated 8-unit multifamily property in desirable Hoover, AL.
    Where is this apartment building located?
    The property is located at 3252 Warringwood Dr Hoover, AL.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: - 100% Occupancy provides a strong and reliable income stream.; - Located in desirable Hoover, AL, a high-demand rental market.; - Significant Upside: Rent comparables are higher, presenting an opportunity to raise rents.
    (256) 668-2858
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3252 Warringwood Dr Hoover, AL 35216
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