Hoover Condo with Community
For Sale
$210,000
1935 WATERFORD PLACE #1935, Hoover, AL 35244
Charming 2BR/2.5BA condo in Waterford, close to amenities.
Property Size1,344 SF
Price / SF$156.25
Days on Market412
Property Features for 1935 WATERFORD PLACE #1935
General Information
Standard status
Active
Size
1,344 SF
Property subtype
Condominium
Building Details
Year Built
1984
Listing Agency:
Premier Vestavia, LLC
(205) 368-5995
Listed By:
Mike Brown · License #127994
(205) 368-5995
Source:
Kw
Added: Jun 20, 2025
Changed: Jul 6
Last Checked: Aug 5 at 11:54AM
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 Premier Vestavia, LLC
Investment Insights
Based on property information with market context.
Located in Hoover, this condo in Waterford features 2 bedrooms and 2.5 bathrooms. The property offers an open floor plan with a brick fireplace and natural light, along with access to a private patio. The kitchen connects to the living area and includes laundry space. The primary suite upstairs has a walk-in closet and standing shower, while the second bedroom includes a full bath with a tub/shower combo. Additional features include a one-car garage, assigned parking, and access to a community pool. The property has a brick exterior and is situated in a walkable setting. The property size is 1344 square feet.
Key Highlights
- Prime Hoover location: Minutes from shopping, dining, and top‑rated schools.
- Resort‑style community pool: Perfect for relaxation.
- Spacious primary suite: Includes a walk‑in closet and standing shower.
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $21.5k | $15.96 |
| − Vacancy | −$2.8k | −$2.07 |
| EGI | $18.7k | $13.89 |
| − OpEx | −$8.4k | −$6.25 |
| NOI | $10.3k | $7.64 |
1,344 SF · lease $15.96/SF/yr · vacancy 13.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$146.6K
$128.3K – $171.1K
NOI $10,264 @ 7.0% cap · market cap 4.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$462.4K
$404.6K – $539.4K
NOI $32,365 @ 7.0% cap · market cap 15.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,773
Businesses Nearby
Explore this area
Business Placement
Demographics for 35244, AL
37,448
Population
15,189
Households
2.5
Avg Household Size
39
Median Age
60%
College-Educated
97%
High-School Grad
23.9 sq mi
ZIP Area
1,567
Density / Sq Mi
$114,172
Median Household Income
$61,660
Median Earnings
$1,413
Median Rent
$390,900
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 - Charming 2BR/2.5BA condo in Waterford, close to amenities.
Where is this apartment building located?
The property is located at 1935 WATERFORD PLACE #1935 Hoover, AL.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: Prime Hoover location: Minutes from shopping, dining, and top‑rated schools.; Resort‑style community pool: Perfect for relaxation.; Spacious primary suite: Includes a walk‑in closet and standing shower.
