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FPA Multifamily Sells Birmingham Apartments for a Premium

Dallas Investor Strikes First Deal in Alabama

The Kenzie, an apartment complex at 4501 Old Caldwell Mill Road in Birmingham, was built in 1973 and is 6.1% empty, according to CoStar data. (CoStar)
The Kenzie, an apartment complex at 4501 Old Caldwell Mill Road in Birmingham, was built in 1973 and is 6.1% empty, according to CoStar data. (CoStar)

An apartment complex in Birmingham, Alabama, sold for nearly 43% more than the value it traded for just four years ago.

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