About This Home

This 0-bedroom, 0-bathroom multi-family at 1517 CULLMAN AVENUE in Birmingham, AL is listed for $2,975,000. Built in 1930, on a N/A lot.

Key Features

  • Built in 1930

Property Details

1930

Amenities

A/C
Listing 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.

Monthly Cost Estimate

$15,911/mo

20% down · 6.5% · 30 years

Principal$2,152
Interest$12,892
Insurance$868

Estimates only. Actual payments may vary.

Location

1517 CULLMAN AVENUE

Birmingham, AL 35208

Property Details

Flooring

LaminateCarpet - Full

Construction

Siding

Parking

On Street

Cooling

Window Unit(s)

Questions & Answers

This 0-bedroom, 0-bathroom multi-family at 1517 CULLMAN AVENUE is listed at $2,975,000. The estimated monthly payment is $15,911 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1930.

This property is listed by Joey Valekis.

JV

Joey Valekis

Agent at ARC Realty, LLC

Listed by ARC Realty, LLC · Broker phone: (205) 969-8910 · View on Broker Site · Broker website

MLS# 21462708· Source: Greater Alabama MLS· 68 days on PropertySimple

Copyright © 2026 Greater Alabama MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

1517 CULLMAN AVENUE, Birmingham, AL 35208

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