Tot. SF
15,000
Units
20
7720-7730 Madrid Ave, Birmingham, AL, 35206
Madrid Avenue ApartmentsContact Broker for Pricing
Key Information
Year Built
1964
Type
Apartments
Occupancy
100%
Highlights
- 20 Units
- Average unit size: ±750 SF
- Latest Leases Achieving up to $750
- Current Avg Rents: $800 (presenting 12% rental upside)
- Unit Mix: All 2×1’s
- 7.18% Cap Rate with Clear Path to 9%+ Cap Rate
- 100% Occupancy
- 16/20 Units Fully Renovated
- Easy access to I-20 less than a 10-minute drive to Birmingham-Shuttlesworth International Airport
Photos
Location
Agents
B
Braxton WetzlerLicense # 000168731-0 (AL)
C
Caleb FrizzellLicense # 000114503-0 (AL)
Broker of Record
Hutt Cooke
License # 000110253 - 0 (AL)Matthews Real Estate Investment Services, Inc 1600 West End, Ste. 1500 Nashville, TN 37203