Carbon Acquires Multifamily Property In Birmingham For $22.75M

The multifamily property located at 4501 Old Caldwell Mill Road in Birmingham, AL was sold in a transaction involving Carbon as the buyer and Saxony Capital Management as the seller. The sale price for this asset was $22,750,000 with a total of 213 units, equating to a price per unit of $106,808. The property spans 239,258 square feet, resulting in a price per square foot of $95.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $22,750,000
• Units: 213
• Price Per Unit: $106,808
• Square Footage: 239,258
• Price Per Square Foot: $95
• Address: 4501 Old Caldwell Mill Road
• Market: Birmingham, AL
• Seller: Saxony Capital Management
• Buyer: Carbon
• Brokers: David Wildes & Alan Soclof - Rosewood Realty Group

David Wildes and Alan Soclof from Rosewood Realty Group served as the brokers facilitating the transaction between the buyer and the seller. Their expertise in the real estate market contributed to the successful completion of the sale of this multifamily property in Birmingham, Alabama.