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Property profile & analytics
OFF-MARKET
Garden apartment buildings

4010 40th N Ave Birmingham, AL 35217

5,424 SF 1.51 ac lot Built 1945
Individually Owned 10-yr Hold Free & Clear
Property ID
US03-0988750
Property profile
Verified
Property type Garden apartment buildings
Use group GARDEN APT, COURT APT (5+ UNITS)
Year built 1945
Total area 5,424 SF
Lot 1.51 ac (65,688 SF)
Zoning code R5
APN 23-00-17-2-025-001.000
UPID US03-0988750
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Inglenook Garden Apartments Ll · 10 yrs held
Inglenook Garden Apartments Ll
since 2016
2 recorded transactions
2016
$115,000
2008
$336,000
Zoning & alternative use
R5 · Birmingham, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Section 7. R-5 Multiple Dwelling District. Subsection 1. Generally The regulations set forth in this Section or set forth elsewhere in this Ordinance, when referred to in this Section are the regulations in the R -5 Multiple Dwelling District. Subsection 2. Use regulations. A building or premises shall be used only for the following purposes: 1. Any use perm…

Zone name Multiple Dwelling
General category RESIDENTIAL
Zone area 979.95 ac
Source Planning/Zoning (MapServer)
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