Modern Unit with Garage
2201 5TH AVENUE S #405 Birmingham, AL 35233
2201 5TH AVENUE S #405, Birmingham, AL, 35233
$280,000
For Sale
$280,000
Top floor unit near UAB with premium garage parking.
Property Size974 SF
Price / SF$287.47
Days on Market414
Property Features for 2201 5TH AVENUE S #405
General Information
- Standard status
- Active
- Size
- 974 SF
- Property subtype
- Condominium
Building Details
- Year Built
- 1920
Listing Agency
Keller Williams Realty Vestavia
(908) 319-8499
Listed by
Ken Grodner · License #AR0134276
(908) 319-8499
Source
Kw
Added: Jun 1, 2025 Checked: May 19 at 9:34 pm
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 Keller Williams Realty Vestavia
Investment Insights
Based on property information with market context.
This modern, owner-occupied unit is located on the 4th floor. The property features large windows, polished concrete floors, exposed ductwork, and high ceilings. A premium deeded garage parking space is included, featuring a dedicated electric car charging circuit (50A NEMA 14-50). The unit is equipped with dual A/C units with Nest thermostats. The kitchen includes granite countertops, a tile backsplash, under cabinet lighting, and stainless appliances, including a new LG refrigerator. The large bedroom features a walk-in closet with custom built-in shelving and drawers. A dedicated laundry closet contains additional storage and includes a low cycle LG washer/dryer unit with full-size capacity. The bathroom contains a vanity with additional cabinetry and a large walk-in shower. A large, secure, climate-controlled storage room is located down the hall from the unit. The property is located directly across the street from the UAB campus. The property size is 974 square feet.
Key Highlights
- Premium deeded GARAGE parking space with dedicated electric car charging circuit (50A NEMA 14‑50).
- Directly across the street from the UAB campus.
- Large, secure, climate controlled storage room down the hall from the unit.
Local Financial Insights For Retail
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 | $15.2k | $15.60 |
| − Vacancy | −$1.6k | −$1.64 |
| EGI | $13.6k | $13.96 |
| − OpEx | −$4.1k | −$4.19 |
| NOI | $9.5k | $9.77 |
974 SF · lease $15.60/SF/yr · vacancy 10.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$136.0K
$119.0K – $158.7K
NOI $9,519 @ 7.0% cap · market cap 3.40%
Second Best
Apartment 5plus
$100.3K
$87.8K – $117.1K
NOI $7,024 @ 7.0% cap · market cap 2.51%
Theoretical Best
Office A
$228.6K
$200.0K – $266.7K
NOI $16,003 @ 7.0% cap · market cap 5.72%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Clarus Consulting Group
Business Management Consultant
Mooney Dianne
Business Management Consultant
Liv On Fifth Condominium ...
Condominium Complex
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FAQs
What type of property is this?
Apartment building - Top floor unit near UAB with premium garage parking.
Where is this apartment building located?
The property is located at 2201 5TH AVENUE S #405 Birmingham, AL.
What is the asking price?
The asking price for this property is $280,000.
What are key features of this property?
This property features: Premium deeded GARAGE parking space with dedicated electric car charging circuit (50A NEMA 14‑50).; Directly across the street from the UAB campus.; Large, secure, climate controlled storage room down the hall from the unit.
