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$695,000 / 3br - 7567ft2 - 8-Unit Apartment Building For Sale - 62.5% Occupied (Birmingham)

7721 1st Ave S, Birmingham, AL 35206

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7721 1st Ave S near 77th St S

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3BR / 1Ba 7567ft2 available now
apartment
w/d hookups
off-street parking

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Located at 7721 1st Avenue South, this multifamily property offers a value-add investment opportunity with renovated units, current occupancy, and room to increase income through lease-up.

Property details:

• 8-unit apartment building
• Multifamily property
• List price: $695,000
• 7,567 square feet
• Built in 1988
• Renovated in 2024 and 2025
• 62.5% occupancy
• Cap rate: 6.26%
• Zoning: MU-L
• Investment type: Value-add
• Recently listed
• Updated interiors in several units
• Strong rental income potential
* All 3 bedroom/1 bath

This property is ideal for an investor looking for a multifamily asset with upside. Current occupancy gives income in place, while remaining vacant units offer lease-up potential.

post id: 7944837356

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