- For Sale $4,428,500
- Property Type Multi-Family
- Property Size 66,960 SF
- Units 52
- Date Updated Apr 9, 2024
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Highlights
- Priced Well Below Replacement Cost at $66 Per Square Foot
- Value Add Opportunity via Rent Raise and Renovation Program
- Centrally Located Portfolio For Easier Management
- Attractive Assumable Debt | 4.53% - Total Return Year One > 14.38%
- Rental Income Loss to Lease | 14.57%
- Pro Forma Cap Rate | 10.19%
- Strategic Ability to Sell Individually Into Historically Strong Single Family Market
- Notable Economic Drivers | Hyundai Plant, Maxwell-Gunter AF Base,
- State Capitol of Alabama, Alabama State University, Amazon, Alfa Insurance
False
Contacts
Location
Getting Around
-
Walk Score ®
65/100 Somewhat Walkable -
Transit Score ®
29/100 Some Transit -
Bike Score ®
38/100 Somewhat Bikeable
- City Montgomery, AL
- Neighborhood Capitol Heights
- Zip Code 36107
Points of Interest
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Montgomery Union Station
0.81 miles
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BP
0.86 miles
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Exxon
0.88 miles
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Chevron
1.33 miles
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Entec
1.82 miles
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Murphy USA
1.83 miles
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Z-Tec
1.84 miles
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Pacecar
1.88 miles
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BP
1.96 miles
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Citgo
2.04 miles
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Chevron
2.14 miles
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One Commerce Street Parking
0.59 miles
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Chamber of Commerce Parking
0.59 miles
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Lot 5
7.31 miles
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Lot 1
7.38 miles
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DoubleTree by Hilton Hotel Montgomery Downtown
0.38 miles
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SpringHill Suites
0.59 miles
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Renaissance Montgomery Hotel & Spa at the Convention Center
0.68 miles
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Embassy Suites Montgomery Hotel & Conference Center
0.79 miles
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Stay Lodge
1.80 miles
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Red Roof Inn Montgomery Midtown
2.02 miles
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Hilton Garden Inn Montgomery East
3.58 miles
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Homewood Suites by Hilton Montgomery
3.62 miles
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America's Best Inns & Suites
4.03 miles
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Comfort Inn
4.12 miles
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Cahawba House
0.49 miles
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NYC Gyros
0.55 miles
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Dreamland BBQ Montgomery
0.58 miles
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Flames Grille
0.58 miles
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Mellow Mushroom
0.60 miles
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Wasabi Japanese Cuisine
0.60 miles
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Central
0.61 miles
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Jalapenos in the Alley
0.61 miles
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Jimmy John's
0.62 miles
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Wintzell's Oyster House
0.62 miles
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Alabama Community College System
0.16 miles
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Jones Law School
0.27 miles
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W B Paterson School
0.44 miles
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Baldwin Junior High School
0.44 miles
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Booker T Washington Junior High School
0.45 miles
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Houston Hill Junior High School
0.55 miles
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Central Area Vocational Center
0.57 miles
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Troy University - Montgomery Campus
0.61 miles
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Troy University
0.61 miles
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Chilton Elementary School
0.78 miles
Frequently Asked Questions
What is the lease rate for Ala Homes SFR Portfolio Assumable Debt Available?
Rental asking rate at Ala Homes SFR Portfolio Assumable Debt Available is $2,214,250.00/YR.
What is the total square footage of Ala Homes SFR Portfolio Assumable Debt Available?
Ala Homes SFR Portfolio Assumable Debt Available totals 66,960 square feet.
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