7601 2nd N Ave Birmingham, AL 35206-4240

Property Details for 7601 2nd N Ave

Year built

1968

Lot size

1.15 lot acres

Property size

17,900 SF

Zone code

CB2

Property type

Garden apartment buildings

APN

23-00-15-1-006-001.000

APU

2300151006001000

Description

This exceptional investment opportunity presents a portfolio of four multifamily properties totaling 258 units in Birmingham, Alabama. Strategically located across multiple desirable neighborhoods including Center Point, Eastmont Plaza, Fountain Blue, Highland Park, and Pointe Arlington, this portfolio offers immediate scale in a thriving market. The properties, built between 1968 and 1974, comprise 23 buildings with a total of 43,240 to 69,387 square feet across approximately 1.22 to 3.77 acres of land. The portfolio features a diverse unit mix and benefits from a proven resident placement program, ensuring consistent occupancy. Significant recent capital expenditures totaling $4.9 million have been invested, providing immediate value and minimizing future capital needs. The properties are situated in an Opportunity Zone, offering attractive tax incentives and long-term growth potential. This portfolio presents a compelling value-add opportunity with potential for increased revenue through lease trade-outs, utility reimbursement increases, and interior renovations. The existing management team is effective, affordable, and willing to remain, ensuring a smooth transition for the new owner. APN numbers include: 23 00 15 1 006 001.000 | 23 00 15 1 014 001.000; 29 00 03 1 015 001.000 | 29 00 03 2 034 002.000 29 00 03 2 034 003.000; 29 00 06 1 017 004.003 | 29 00 06 1 017 004.002 29 00 06 1 017 004.001. This is a rare opportunity to acquire a substantial multifamily portfolio in a strong, growing market.

Location Insight

City

Birmingham

County

Jefferson

State

Alabama

Longitude

-86.7306

Latitude

33.5613

CBSA code

13820

CBSA name

BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments