$930,000 Multifamily for Sale — 3005 Ave J, Ensley, AL 35218, USA
3005 Ave J, Ensley, AL 35218, USA
Summary
This is a multifamily property for sale at 3005 Ave J, Ensley, AL 35218, USA, listed at $930,000. The property has 13 units, 549 square feet, built in 1950. Financials show net operating income of $67,546, a 7.3% cap rate, gross income of $86,100 based on seller figures.
Key facts
- Asking price: $930,000
- Property type: Multifamily
- Cap rate: 7.3%
- NOI: $67,546
- Gross income: $86,100
- Price / unit: $71,538
- Expense ratio: 7.7%
- Units: 13
- Building SF: 549
- Year built: 1950
Description
3005 Avenue J, Birmingham, AL 35218 (1,005,000) (8.01) cap rate currently with a cap potential of (9.84%) cap! 11/13 units are rented out 13-unit multifamily property in Birmingham featuring twelve 1-bedroom, 1-bath units. Excellent opportunity for an investor seeking a multifamily asset.
Photos
Frequently asked questions
What is the asking price for this multifamily property?
The asking price is $930,000 for the property at 3005 Ave J, Ensley, AL 35218, USA.
What is the cap rate?
The cap rate is 7.3%, based on $67,546 in net operating income.
How many units does the property have?
The property has 13 units.
How do I make an offer?
You can submit an offer directly to the seller on Caproll — there are no broker commissions, and the underwriting numbers are shown up front.
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