Homewood / Birmingham metro
1960s brick fourplex — complete rehabilitation
Regional real estate investment group
Property snapshot
- Building1960s brick fourplex, ~4,400 sqft total
- UnitsFour 1-bed / 1-bath, ~1,100 sqft each
- SiteDetached parking pad, shared front yard
- Status at walkthroughVacant, deferred maintenance across all four units
- Rent thesis$625/unit in-place → $995/unit post-rehab
Condition on walkthrough
Moderate roof wear with one active leak over Unit 3. Aluminum gutters at end of life. Overgrown landscape, cracked driveway. All four interiors last painted in the 1990s, with mixed carpet and vinyl flooring past useful life. Kitchens and baths dated but structurally sound. Unit 2 had a failed water heater; Unit 4 had a non-functioning condenser. No structural or foundation issues identified.
Full scope Apex coordinated
Exterior
- Roof repair + full elastomeric coating
- Seamless aluminum gutter replacement (all sides)
- Soffit and fascia patch, wood trim replaced where rotted
- Full brick soft-wash and rinse
- Exterior paint: Sherwin-Williams Emerald, trim + soffit + doors
- Landscape reset: grade, sod repair, shrub install, mulch beds
- Driveway pressure wash, crack seal, and hot-tar seal
- Exterior LED lighting replacement (fixtures and photocells)
Interior · each unit
- Full paint (walls, ceilings, trim, doors)
- LVP flooring throughout, tile in wet areas
- Kitchen refresh: cabinet paint, new hardware, laminate counters, sink + faucet + disposal
- Bath refresh: new vanity, toilet, tub reglaze, ceramic tile floor, re-caulk
- Full outlet, switch, and plate replacement
- LED lighting swap across every fixture
- New 2-inch faux-wood blinds all windows
Systems
- Water heater replacement (Unit 2, 40-gal electric)
- HVAC condenser replacement (Unit 4, 2.5-ton)
- HVAC service & filter change, all four units
- Plumbing shut-offs and supply lines updated where dated
- Smoke and CO detectors, all rooms per code
Turnover & handoff
- Trash-out, dumpster on site for full duration
- Post-construction deep clean, all units
- Rekey and smart-lock install, all four units
- Final punch walk with owner rep
- Rent-ready certification and unit-by-unit photo report
- Handoff to owner's property management partner
Outcome
$108,600
Turnkey delivered
41 days
Single-team execution
+$17,760/yr
Owner's projected gross rent lift (four units, $625 → $995)
1 invoice
11 trades, one statement
Rent projection reflects the owner's underwriting model at the time of scoping, based on post-rehab neighborhood comps. Actual leased rents depend on market timing, tenant qualification, and property management execution.