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.
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Listing Snapshot
Price
$2,975,000
Days On Site
17 Days
Bedrooms
1
Inside Area (SqFt)
795 sqft
Total Baths
1
Full Baths
1
Partial Baths
N/A
Lot Size
N/A
Year Built
1930
MLS® Number
21462708
Status
Active
Property Tax
N/A
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
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Recent Activity
3 weeks ago
Listing updated with changes from the MLS®
3 weeks ago
Listing first seen on site
General Features
Parking
OtherOn Street
Property Sub Type
Apartment
Water Source
Public
Interior Features
Appliances
Tankless Water HeaterRefrigerator
Cooling
Window Unit(s)
Flooring
LaminateCarpet
Main Level Bedrooms
1
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Community Features
Financing Terms Available
CashConventional
MLS Area
Ensley, Fairfield, Midfield, West End
Schools
School District
Unknown
Elementary School
MINOR
Middle School
BUSH HILLS ACADEMY
High School
JACKSON-OLIN
Listing courtesy of ARC Realty Vestavia
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Neighborhood & Commute
Source: Walkscore
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