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    Multifamily Property in Opportunity Zone

    4016 38th N Avenue Birmingham, AL 35217

    4016 38th N Avenue, Birmingham, AL, 35217
    $175,000
    For Sale
    $175,000

    Multifamily property in Birmingham's opportunity zone, do not disturb tenants.

    Property Size1,756 SF
    Price / SF$99.66
    Days on Market170

    Property Features for 4016 38th N Avenue

    General Information

    Standard status
    Active
    Size
    1,756 SF
    Property subtype
    Multi Family

    Building Details

    Year Built
    1986
    Listing agency Keller Williams Realty Vestavia
    Listed by Ashleigh Timmerman · License #90358
    Source Exitrealty
    Added: Feb 1 Updated: Jul 10 at 1:12PM Checked: Jul 21 at 4:16AM

    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 multifamily property, encompassing 1756 square feet, is located in an opportunity zone. Please do not disturb the tenants.

    Key Highlights

    • Great property.
    • Located in an opportunity zone.
    • Year Built: 1986.

    Local 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 $25.5k $14.52
    − Vacancy −$2.5k −$1.41
    EGI $23.0k $13.11
    − OpEx −$10.4k −$5.90
    NOI $12.7k $7.21
    1,756 SF · lease $14.52/SF/yr · vacancy 9.70% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $180.9K
    $158.3K – $211.1K (±1% cap)
    NOI $12,663 @ 7.0% cap · market cap 7.24%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $412.2K
    $360.7K – $480.9K (±1% cap)
    NOI $28,852 @ 7.0% cap · market cap 16.49%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Suggested Use

    Dental Office Hair Salon Nail Salon Restaurant Pharmacy HVAC Service Kitchen & Bath Showroom Gym & Fitness Center Garden Center Electrical Service

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

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    FAQs

    What type of property is this?
    Multifamily property - Multifamily property in Birmingham's opportunity zone, do not disturb tenants.
    Where is this multifamily property located?
    The property is located at 4016 38th N Avenue Birmingham, AL.
    What is the asking price?
    The asking price for this property is $175,000.
    What are key features of this property?
    This property features: Great property.; Located in an opportunity zone.; Year Built: 1986.
    Contact an agent
    (205) 243-8590
    We can help!
    Contact an agent
    Ashleigh Timmerman
    Real Estate License ID: 90358
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