Two-Building Garden Apartment
7720 MADRID AVENUE Birmingham, AL 35206
For Sale
$1,350,000
MULTI_FAMILY - BIRMINGHAM, AL
Days on Market24
Property Features for 7720 MADRID AVENUE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Apartment
- Standard status
- Active
- APN
- 23-00-14-2-020-014.000
Taxes and HOA fees
- Tax Description
- POB W INTER RUGBY AVE & MADRID AVE TH W 162S FT ALG RUGBY AVE TH N 154.2S FT TH NE 18S FT TH NW 53S FT TH NE 122 FT TH E 128 FT TO MADRID AVE TH S 288 FT ALG MADRID AVE TO P O B BEING PT LOTS 11 & 12 BLK 1 SO HGLDS OF EAST LAKE & LOTS 18&19 BLK 2 RUGBY GARDENS SUR
Utilities
- Heating system
- Electric (Heating)
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1964
- Number of units
- 20
- Flooring type
- Hardwood
- Building materials
- Brick and Frame
Listing Agency:
Bear Flag Property Management
(205) 733-0354
Listed By:
Davey Lanshaw · License #116658-1
(205) 773-0354
Added: Jul 1
Changed: Jul 23
Last Checked: Jul 24 at 5:06AM
MLS# 21459954
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Investment Insights
Based on property information with market context.
This multifamily property offers 20 garden apartment units across two buildings at 7720/7730 Madrid Avenue. Tenants have separate meters for electricity and water, while the owner pays trash and landscaping. Recent updates include virtually all new HVAC systems, new water heaters in the majority of units, newly refinished parking lot, exterior lighting, and new code-compliant railings for both buildings, along with updated flooring and paint.
The buildings are located less than 10 miles from downtown Birmingham in the East Lake area. The property is described as quiet and professionally managed, with established tenant relationships intended to support a smooth transition.
Professional management is in place, and the listing notes a rent collection and accounting arrangement that includes 3 months of free rent collection.
The buildings are located less than 10 miles from downtown Birmingham in the East Lake area. The property is described as quiet and professionally managed, with established tenant relationships intended to support a smooth transition.
Professional management is in place, and the listing notes a rent collection and accounting arrangement that includes 3 months of free rent collection.
Key Highlights
- 20 light‑filled garden apartment units at 7720/7730 Madrid Ave
- Market rents currently $800/door; tenants have separate meters for electricity and water (owner pays trash and landscaping)
- Virtually all new HVAC and majority of new water heaters
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - 20 light-filled garden apartment units across two buildings, with separate electric and water meters for tenants.
Where is this apartment building located?
The property is located at 7720 MADRID AVENUE Birmingham, AL.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 20 light‑filled garden apartment units at 7720/7730 Madrid Ave; Market rents currently $800/door; tenants have separate meters for electricity and water (owner pays trash and landscaping); Virtually all new HVAC and majority of new water heaters
