705 Knoxville St

LAH Commercial Real Estate is pleased to present this 8 unit value add Multifamily property located in Birmingham, AL just 14 minutes from the CBD.

• All units are 710 SF, 2 Bedroom 1 Bathroom, with W/D connections; all 8 units have been fully rehabbed with brand new finishes and the property boasts a 100% occupancy. Value add lies within the current rents are under market.
• 3 units are on Section 8 and 5 units are market renters, thus showing a diverse tenant base.
• Property is priced at a very attractive CAP Rate on actuals, i.e. priced to sell.
• Current owners have replaced the roof and 2 HVAC units, all of which are central heat and air with the remaining units being in good, usable condition (about 5-7 years old each).
• This property has had only 2 owners in the last 24 years, thus showing sustainability and strong rental demand.
• Call Broker for more details regarding the property, i.e. financials and additional information.