Jemison Flats

1827 1st Avenue N
Birmingham, AL
60 Units
  • Property Type: Loft
  • Year Built: 1900-1929
  • Date Acquired: Q2 2014
  • Year Renovated: 2015-2016

Jemison Flats, a historic mixed-use development which includes 60 unique loft apartments, 25,000 sq ft of class A office space and a 300+ car parking garage, was acquired by LIV in 2014 through a foreclosure sale by LNR.  Following the acquisition, LIV commenced on a $1.8M renovation plan.  Jemison Flats has remained nearly 100% occupied since being acquired by LIV and post renovated rent premiums of between $150-$250/unit are being realized.  Located in downtown Birmingham, Jemison is the largest historic apartment community walkable to downtown employers, medical district and UAB.