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Uptown Villas 1428 Fl Shuttlesworth Dr 32 Unit Apartment Building £1,707,451 (£53,358/Unit) Birmingham, AL 35234
INVESTMENT HIGHLIGHTS
- Arriving to market 97% occupied
- Exceptional location
- High-performing, cash-flowing asset
- Steps away from the redevelopments
EXECUTIVE SUMMARY
Uptown Villas presents a prime opportunity for investors seeking a high-performing, cash-flowing asset in Birmingham’s thriving Uptown District! Each unit boasts modern upgrades, including stainless steel or black appliances and in-unit washer and dryer. Undergoing extensive renovation, this property is a turnkey investment, featuring 32-units and arriving to market 97% occupied! At full occupancy, the property is expected to generate north of $300K in rental income annually. It is steps away from the transformative $350 million Carraway redevelopment and the $50 million Star Amphitheater project, both of which are set to drive significant rent growth in the area. This property offers unparalleled convenience, being located just minutes from downtown Birmingham, UAB, and major interstates I-20 and I-65. Situated within walking distance of the BJCC, the Uptown entertainment district, and Topgolf.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Price | £1,707,451 | Total Plot Size | 1.01 ac |
| Price Per Unit | £53,358 | Property Size | 25,708 sq ft |
| Sale Type | Investment | Average Occupancy | 100% |
| No. Units | 32 | No. Floors | 2 |
| Property Type | Build-to-Rent | Year Built | 1969 |
| Property Subtype | Apartment | Parking Allocation | 1.48/1,000 sq ft |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Costar Property Class | C | ||
| Use Class | CR5 - Commercial/Residential | ||
| Price | £1,707,451 |
| Price Per Unit | £53,358 |
| Sale Type | Investment |
| No. Units | 32 |
| Property Type | Build-to-Rent |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Costar Property Class | C |
| Total Plot Size | 1.01 ac |
| Property Size | 25,708 sq ft |
| Average Occupancy | 100% |
| No. Floors | 2 |
| Year Built | 1969 |
| Parking Allocation | 1.48/1,000 sq ft |
| Opportunity Zone |
Yes |
| Use Class | CR5 - Commercial/Residential |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Washer/Dryer
- Washer/Dryer Hookup
- Heating
- Refrigerator
- Stainless Steel Appliances
- Range
- Vinyl Flooring
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT PCM | sq ft |
|---|---|---|---|
| 2+1 | 32 | - | 803 |
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PROPERTY TAXES
| Parcel Number | 22-00-26-1-016-051.000 | Improvements Assessment | £0 |
| Land Assessment | £0 | Total Assessment | £54,371 |
PROPERTY TAXES
Parcel Number
22-00-26-1-016-051.000
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£54,371
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Uptown Villas | 1428 Fl Shuttlesworth Dr
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