7735 RUGBY AVENUE, Birmingham, AL 35206
- Added:
- Aug 20, 2025
- Days on Market:
- 312
- Last Refresh:
- Jun 27 at 5:06 pm
Property Features for 7735 RUGBY AVENUE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Apartment
- Parking features
- On Street
- Standard status
- Active
- APN
- 23-00-14-2-023-002.001
Taxes and HOA fees
- Tax Description
- LOTS 19-A & 20-A BLK 2 RUGBY GARDENS 1ST ADD
Utilities
- Heating system
- Central
- Cooling system
- Central Air, Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1963
- Number of units
- 10
- Flooring type
- Laminate, Carpet - Full
- Building materials
- Brick
Listing agent Brandy Herschbach (205) 253-5244
Listing office RealtySouth-Homewood 1690 Reese St, Chelsea, AL (205) 407-4774
Listing date Aug 20, 2025
Copyright © 2026 Greater Alabama MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- 10‑plex multifamily property in the Eastlake/Woodlawn area of Birmingham
- 2 bed, 1 bath units averaging 650 SF each
- 8 of 10 units currently leased; rents range from $600–$625 per month
- Several units fully renovated
- Brick construction with central heating and central air, plus window unit(s)
- On‑street parking; public water source
Overview
Located at 7735 Rugby Avenue in Birmingham, Alabama, the asset is positioned in the Eastlake/Woodlawn area. The offering states that 8 of the 10 units are currently leased, with rents ranging from $600 to $625 per month.
For buyers seeking a residential income property with an established in-place occupancy profile, this building provides a straightforward unit mix and a portion of renovated apartments. The combination of existing leases and ongoing renovation in select units may support a practical path for continued property management and tenant retention, based on the information provided.
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 | $94.4k | $14.52 |
| − Vacancy | −$9.2k | −$1.41 |
| EGI | $85.2k | $13.11 |
| − OpEx | −$38.4k | −$5.90 |
| NOI | $46.9k | $7.21 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Birmingham
- County
- Shelby
- State
- Alabama
- Longitude
- -86.720237
- Latitude
- 33.556955
