1517 Cullman Ave, Birmingham, AL 35208

$2,975,000
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List Price
$2,975,000
Status
ACTIVE
MLS#
21462708
Year Built
1930
Region
290
Subdivision
NONE
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Property Description

Welcome to Ridgewood Apartments, a 44-Unit community that underwent a complete rehabilitation down to the studs in 2020. The renovation included updated electrical & plumbing systems, new roofs, bathrooms, flooring, windows & improvements to the grounds. The property consists of 44 one-bedroom / one-bathroom units, with approximately 100% occupancy. Ridgewood generates a strong current income with an existing rent roll totaling $32,965/monthly, offering investors the opportunity to acquire a recently renovated, well maintained multifamily property with strong occupancy and established rental income.

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Additional Information

Basement
Crawl Space
Cooling
Window/Wall
Sewer
Sewer
Elementary School
Minor
Middle School
Bush Hills Academy
High School
Jackson-Olin
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Calculator source: Real Geeks

Listing courtesy of ARC Realty Vestavia.