2707 28th St, Birmingham, AL 35218
MULTIFAMILY For SaleYear Built: 1960
Floors: 1
| Space | Size | Type | Pricing |
|---|---|---|---|
| 2707 - 2731 28th St | SALE | Contact for pricing |
Caleb Frizzell - Matthews Real Estate Investments Services | Birmingham
PHONE: 2059226597
PHONE: 9188095129
Unit Count: 11-units offering a mix of 1-bedroom and 2-bedroom floorplans for diversified tenant demand. Unit Mix: 1/1 units at 575 SF and 2/1.5 units at 700 SF, catering to a range of renter preferences. Section 8 Rents: Current 1-bedrooms achieving Section 8 rents of $925; 2-bedrooms achieving $993. Occupancy: 100% occupancy, demonstrating strong tenant demand and stable cash flow. Cap Rate: Clear path to year one 8.75%+ cap rate, providing attractive initial yield. Connectivity: Located near major arterial roadways for strong connectivity throughout Birmingham MSA.