2 Condo Portfolio in Midtown

Property Information

Highlights

100% leased: $4,000/mo combined, with leases ending July 2027 (1A) and February 2028 (1C).
Turnkey management in place: Wolf Hall Management handles leasing and operations.
Nearly new construction: maintenance has been minimal, about $85/mo across both units.
Ground-floor units: polished concrete floors and taller ceilings than the upper floors.
1A: two entries (street and courtyard) and a bonus loft, suited to live/work.
1C: 1BR + den with direct courtyard access.
Gated shared courtyard: grill and seating, plus a rainwater cistern.
Location: half a block to the Rotary Trail, a dog park across the street, and walkable to Pepper Place, the Loft District, the CBD and UAB.

Two leased condos in one of downtown Birmingham’s most distinctive new buildings

2323 2nd Ave S is a boutique courtyard building designed by David Baker Architects in local Alabama brick and corten steel. It sits in the walkable corridor between the CBD, UAB and Pepper Place. Units 1A and 1C are the last two units held by the developer. Both are nearly new, fully leased and professionally managed.

The offering gives an investor rare entry into new construction downtown with two ways out. Hold the units as low-maintenance rentals, or sell them one at a time as the staggered leases end.