Ridgewood Apartments: Difference between revisions
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(Created page with "'''Ridgewood Apartments''' is a 44-unit apartment complex located at 1517 Cullman Avenue, north of Pike Road and backing up to {{I-20/59}} in Bush Hills. Bret C...") |
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* Van der Bijl, Hanno (February 8, 2021) "Bham investor acquires multifamily community in Bush Hills." {{BBJ}} | * Van der Bijl, Hanno (February 8, 2021) "Bham investor acquires multifamily community in Bush Hills." {{BBJ}} | ||
[[Category: | [[Category:Five Points West apartments]] | ||
[[Category:Cullman Avenue]] | [[Category:Cullman Avenue]] | ||
Latest revision as of 15:01, 26 August 2022
Ridgewood Apartments is a 44-unit apartment complex located at 1517 Cullman Avenue, north of Pike Road and backing up to I-20/59 in Bush Hills.
Bret Connor purchased the mostly-vacant complex in 2020 for $295,000 and completed approximate $1.2 million in upgrades, bringing occupancy up to 100% while raising rent from $350 to $600 per month. In 2021 he sold the property to RCR Holdings for $2.4 million.
References
- Van der Bijl, Hanno (February 8, 2021) "Bham investor acquires multifamily community in Bush Hills." Birmingham Business Journal