Overview
- 113 Rooms
- Category
- Apartments, Studio Zoned Apartments
Description
📍 1113 9th Avenue SW, Bessemer, AL 35022
💰 $12.5M
🛏 114 Units | Exterior Corridors | Zoned Studio Apartments
1. Fully Zoned Studio Conversion Opportunity
The Monarch at Bessemer presents a 114-unit exterior corridor repositioning opportunity fully zoned for studio apartment use. With renovations permitted, investors can execute immediately without entitlement uncertainty.
2. Flexible Operational Strategy
The property includes 96 studios, 4 large studios, 8 Studio XL units, and 5 one-bedroom + den layouts. Kitchenettes are already in place, supporting studio apartment stabilization or extended stay operation depending on capital strategy.
3. Strategic Birmingham Metro Location
Located minutes from Alabama Splash Adventure Park and approximately 2–4 minutes from Birmingham-Shuttlesworth International Airport access corridors, the property benefits from proximity to regional employment drivers and metro Birmingham demand.
4. Structured Value-Add Upside
The exterior corridor configuration supports operational efficiency, while unit mix diversity allows for phased lease-up and targeted rent positioning. This is a defined scale opportunity within the Birmingham MSA offering clear execution pathways.
