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$ 2,975,000
Est. payment | /mo
1 Bed
1 Bath
$ 2,975,000
Est. payment | /mo
1 Bed
1 Bath
Key Details
Property Type Multi-Family
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID 21462708
Bedrooms 1
Full Baths 1
Year Built 1930
Property Sub-Type Apartment
Property Description
Welcome to Ridgewood Apartments, a 44-Unit community that underwent a complete rehabilitation down to the studs in 2020. The renovation included updated electrical & plumbing systems, new roofs, bathrooms, flooring, windows & improvements to the grounds. The property consists of 44 one-bedroom / one-bathroom units, with approximately 100% occupancy. Ridgewood generates a strong current income with an existing rent roll totaling $32,965/monthly, offering investors the opportunity to acquire a recently renovated, well maintained multifamily property with strong occupancy and established rental income.
Location
State AL
County Jefferson
Area Ensley, Fairfield, Midfield, West End
Interior
Heating Window Units (HEAT)
Cooling Window Units (COOL)
Flooring Laminate, Wall-to-Wall Carpet
Exterior
Parking Features On Street Parking, Other
Building
Foundation Crawl Space
Sewer Connected
Water Public Water
Schools
Elementary Schools Minor
Middle Schools Bush Hills Academy
High Schools Jackson-Olin
Others
Financing Cash,Conventional
Virtual Tour https://www.propertypanorama.com/instaview/bham/21462708
Listed by ARC Realty Vestavia
NEARBY SCHOOL & BUSINESS
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