Buy & Hold (Multifamily): 14 Units Apartment, Birmingham, AL + $815,000
- Promise Land Realty
- Apr 11
- 4 min read
Multifamily Investment Opportunity
Price
$815,000
OFF-MARKET MULTIFAMILY OPPORTUNITY14-Unit Apartment Portfolio | Birmingham, Alabama
1121 – 1141 4th Ave W, Birmingham, AL
Asking Price: $815,000
Strong Cash Flow + Clear Value-Add Upside
Team Promiseland is pleased to present this 14-unit multifamily opportunity located in the Birmingham market—ideal for buy & hold investors, small multifamily buyers, and value-add operators looking for immediate income with room to increase rents.
Property Overview
Total Units: 14
Occupancy: 13 / 14 Units Rented
Unit Mix:
(12) 2 Bed / 1 Bath
(2) 4 Bed / 2 Bath
Financial Snapshot
Current Gross Monthly Income: $9,200
Current Gross Annual Income: $110,400
Average Rent: ~$707/unit
Market Rent Potential: ~$950/unit
Significant upside through rent increases and light improvements
Investment Highlights
Stabilized occupancy with immediate cash flow (93% occupied)
Below-market rents with strong rental comps in the area
Value-add opportunity to increase NOI through rent optimization
Diverse unit mix including larger 4-bedroom units for higher rent potential
Located in a growing Birmingham rental market with consistent demand
Value-Add Strategy
Gradually bring rents to market levels (~$950/unit)
Improve management efficiencies
Light interior/exterior updates to justify rent increases
Projected upside in both cash flow and property valuation
Ideal Buyer
Local Alabama investors looking to scale
Out-of-state investors seeking cash-flowing assets in landlord-friendly markets
Small multifamily operators targeting forced appreciation plays
Photos & Additional Details
📸 Property Photos:
📩 Email for full financials, rent roll, and access details: investments@promiselandrealtyllc.com
Property Map
TEAM PROMISELAND DISCLAIMER: No one is permitted to market, advertise, or distribute this listing without express written permission or verified membership within the TEAM PROMISELAND network. Unauthorized use or sharing of this opportunity, photos, or property information will result in a $500 fine per incident, enforceable by law.
All off-market properties are sold As-Is, Where-Is. Buyer is responsible for conducting their own due diligence. Properties are conveyed via warranty deed, and Promiseland Realty LLC is selling its assignable contractual interest.
Proof of Funds is required with all offers. Earnest Money Deposit (EMD) is due within 48 hours of accepted offer. All closings are facilitated through a licensed title company or closing attorney.
Realtors & Brokers: You are welcome to bring a buyer — please add your fee on top of our asking price.
OFFICIAL PROMISELAND LENDING PARTNER
100% Financing for Rehab Projects
Powered by Residential Capital Partners
ResCap is a direct private lender offering zero-money-down loan options for 1-4 unit residential investment flips & rentals across the U.S.
🔹 100% Financing – Covers purchase + rehab
🔹 Fast Closings – ~10 days
🔹 Credit Requirements – 620+ FICO (Rehab), 660+ FICO (DSCR)
🔹 Loan Size – $75K–$1.25M
🔹 Rates – 10.9%–11.9% | 2–3% origination | 1st lien
🔹 Serviced In-House | Virtual Inspections | No Owner-Occ or Rural Props
Nationwide Coverage (Excludes: AK, AZ, NV, PA)
Proof of Funds Available
This listing is proudly sponsored by Residential Capital Partners – trusted lending for the nation’s best flippers.
For more info email sarter@promiselandrealtyllc.com or text (864) 762-2509
Trusted by 50,000+ Investors. Featured on BiggerPockets:
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Team Promiseland Partners – Sponsor Benefits
Direct exposure to a nationwide network of active investors, wholesalers, and buyers
Featured placement on the Promiseland Realty website and deal room
Promotion in daily email blasts reaching high-intent real estate professionals
Access to our private deal network (buyers, lenders, and operators)
Consistent inbound leads from real deal flow—not just traffic
Position your brand as a trusted, vetted service provider in the community
Opportunities to connect on live deals and build long-term partnerships
The #1 Source for Off Market Real Estate.
PROMISE LAND REALTY LLC
Work: 864-762-2509
Trusted by 50,000+ Investors. Featured on BiggerPockets:
PROMISELAND DISCLAIMER:
Promiseland Realty LLC is a nationwide real estate consulting firm specializing in off-market investment opportunities, strategic acquisitions, and real estate advisory services.
No one is permitted to market, advertise, or distribute this listing without express written permission or verified membership within the TEAM PROMISELAND network. Unauthorized use or sharing of this opportunity, photos, or property information will result in a $500 fine per incident, enforceable by law.
All off-market properties are sold As-Is, Where-Is. Buyer is responsible for conducting their own due diligence. Properties are conveyed via warranty deed, and Promiseland Realty LLC is selling its assignable contractual interest.
Proof of Funds is required with all offers. Earnest Money Deposit (EMD) is due within 48 hours of an accepted offer. All closings are facilitated through a licensed title company or closing attorney.
Realtors and Brokers: You are welcome to bring a buyer — please add your fee on top of our asking price.
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