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$599,000
Est. payment /mo
2 Beds
1 Bath
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision North Birmingham
MLS Listing ID 21440276
Bedrooms 2
Full Baths 1
Year Built 1968
Property Sub-Type Apartment
Property Description
1112 15th St N is a 12-unit multifamily asset offering immediate cash flow with clear value-add upside in one of Birmingham's most active redevelopment corridors. The property consists of 12 spacious 2-bedroom, 1-bath units, with 10 of 12 currently occupied, providing stabilized in-place income while preserving upside through lease-up and interior improvements. Located in Fountain Heights, the property sits just minutes from Uptown, the BJCC, Protective Stadium, Topgolf, and the Coca-Cola Music Hall and Amphitheater. The area continues to benefit from city-led revitalization, infrastructure investment, and proximity to Birmingham's major employment and entertainment hubs. Each unit features a highly rentable 2BR/1BA layout. Investors can implement a straightforward value-add strategy by updating interiors and increasing rents, supported by strong tenant demand from nearby employers such as UAB Hospital & University and the expanding downtown core.
Location
State AL
County Jefferson
Area Downtown Birmingham, Southside
Interior
Heating Gas Heat
Cooling Window Units (COOL)
Flooring Laminate
Exterior
Parking Features Assigned
Building
Foundation Slab
Sewer Connected
Water Public Water
Schools
Elementary Schools Tuggle
Middle Schools Wilkerson
High Schools Jackson-Olin
Others
Financing Cash,Conventional
Virtual Tour https://www.propertypanorama.com/instaview/bham/21440276
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Listed by Real Broker LLC
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