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1517 Cullman Avenue Birmingham, AL $ 2,975,000
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1517 Cullman Avenue
$ 2,975,000
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1517 Cullman Avenue

Birmingham, AL, 35208
$ 2,975,000
Bedrooms44 Baths44.0

Monthly Estimate*

$ 18,784

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Multi-Family Home for sale in Birmingham, AL

for $2,975,000 with 44 bedrooms and 44 full baths. This home was built in 1930.

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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Multi-Family Active

Price

$ 2,975,000

Bedrooms

44

Full Bath

44

Property Type

Multi-Family

Taxes

$ 0

Style

Apartment

Year Built

1930

Town/City

Birmingham

County/Region

Jefferson

MLS | Web ID

21462708
Features
General
Heating Window Units (HEAT)
Cooling Window Units (COOL)
Development Status Existing
Water Public Water
Status Active Active
Year Built 1930
Parking On Street Parking Other
Tenant Pays All Utilities (TENANT)
Subdivision NONE AL
Water Heater Electric Tankless
County Jefferson
Class MULTIFAMILY
Type Apartment
Miscellaneous None/Other
Sale/Rent For Sale
Status Detail 0
Area Ensley Fairfield Midfield Wes
Primary City Birmingham
Virtual Tour https://www.propertypanorama.com/instaview/bham/21462708
High School JACKSON-OLIN
City BIRMINGHAM
Financing Cash Conventional
Elementary School MINOR
Middle School BUSH HILLS ACADEMY
Legal Description LOT 7 THRU 22 BLK 5 SHADY SIDE LESS THAT PT OF 12 13 & 14 TAKEN BY I-59 R/W ALSO ALL OF THAT PT OF A 15 FT ALLEY WHICH RUNS BETWEEN LOTS AND HAS BEEN VACATED
DOM 0
Postal Code 35208
Price Per Sq Ft Total AG 1
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Exterior
Exterior Siding
Foundation Crawl Space
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Interior
Floors Laminate Wall-to-Wall Carpet
Total Number of Units 44
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* Excluded Features
List By
Arc Realty Vestavia

Broker

jvalekis@arcrealtyco.com

Email

Affordability Calculator

$18,784
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Monthly Principal & Interest
$18,784
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Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
579683 Elementary School
579478 Middle School
Jackson-Olin High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
8/20/2026$2,975,000 Listed Price

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1517 Cullman Avenue, Birmingham, AL, 35208 is a Multi-Family Home for sale at $2,975,000. 1517 Cullman Avenue has 44 bedrooms, 44.0 baths, and was built in 1930. The property's zip code is 35208 which is in Birmingham, AL

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