Ala Homes SFR Portfolio Assumable Debt Available

205 South Capitol Parkway, Montgomery, AL 36107

  • For Sale $4,428,500
  • Property Type Multi-Family
  • Property Size 66,960 SF
  • Units 52
  • Additional Rent Contact for pricing
  • Date Updated Apr 9, 2024
Montgomery, Alabama, centrally located in the Sun Belt region, offers an advantageous location for businesses and residents alike. Positioned 153 miles from Atlanta, Georgia International Airport via Interstate 85, it provides convenient access to major transportation hubs. The city is also within a short drive of Birmingham, located 92 miles to the north, and the port city of Mobile, situated 169 miles away. Moreover, Montgomery's proximity to renowned Gulf Coast beaches, such as Pensacola, Navarre, and Destin, allows for easy weekend trips to the scenic shores of the Gulf of Mexico. As the capital of Alabama, Montgomery boasts a vibrant economic environment that has garnered multiple Chamber of Commerce awards for excellence. The city's "Imagine a Greater Montgomery" initiative showcases its commitment to shaping a new vision for the future. Montgomery's economic development strategy focuses on nurturing regional talent, diversifying the economy, transforming the city's image, and fostering a diverse and empowered community. The area is driven by several key economic factors, including Hyundai manufacturing, Maxwell & Gunter Air Force Base, major Amazon distribution centers, the Alabama State Capitol, Alfa Insurance, Kinpak, H2 Pharma, Dollar General transportation and logistics, Dow Chemical, and Conner Industries, among others. Additionally, the Port of Mobile, the ninth largest port in the nation, contributes significantly to the state's economic growth. The port facilitates the export of various goods, including containers, coal, laminate, flooring, iron, steel, frozen poultry, chemicals, soybeans, and lumber products. Montgomery's unwavering focus is on attracting large corporations, capitalizing on its diverse and highly skilled workforce. The city is dedicated to expanding air services, improving passenger traffic, and enhancing overall travel experience. Major initiatives supporting this vision are already underway, fortified by robust economic policies that include low taxes and attractive incentives, ultimately yielding greater economic benefits for businesses and residents alike.

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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

Contacts

broker

Steven Paulsen

Open Market CRE

Location

Getting Around

  • Walk Score ®

    65/100 Somewhat Walkable
  • Transit Score ®

    29/100 Some Transit
  • Bike Score ®

    38/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Montgomery, AL
  • Neighborhood Capitol Heights
  • Zip Code 36107

Points of Interest

  • Montgomery Union Station

    0.81 miles

  • BP

    0.86 miles

  • Exxon

    0.88 miles

  • Chevron

    1.33 miles

  • Entec

    1.82 miles

  • Murphy USA

    1.83 miles

  • Z-Tec

    1.84 miles

  • Pacecar

    1.88 miles

  • BP

    1.96 miles

  • Citgo

    2.04 miles

  • Chevron

    2.14 miles

  • One Commerce Street Parking

    0.59 miles

  • Chamber of Commerce Parking

    0.59 miles

  • Lot 5

    7.31 miles

  • Lot 1

    7.38 miles

  • DoubleTree by Hilton Hotel Montgomery Downtown

    0.38 miles

  • SpringHill Suites

    0.59 miles

  • Renaissance Montgomery Hotel & Spa at the Convention Center

    0.68 miles

  • Embassy Suites Montgomery Hotel & Conference Center

    0.79 miles

  • Stay Lodge

    1.80 miles

  • Red Roof Inn Montgomery Midtown

    2.02 miles

  • Hilton Garden Inn Montgomery East

    3.58 miles

  • Homewood Suites by Hilton Montgomery

    3.62 miles

  • America's Best Inns & Suites

    4.03 miles

  • Comfort Inn

    4.12 miles

  • Cahawba House

    0.49 miles

  • NYC Gyros

    0.55 miles

  • Dreamland BBQ Montgomery

    0.58 miles

  • Flames Grille

    0.58 miles

  • Mellow Mushroom

    0.60 miles

  • Wasabi Japanese Cuisine

    0.60 miles

  • Central

    0.61 miles

  • Jalapenos in the Alley

    0.61 miles

  • Jimmy John's

    0.62 miles

  • Wintzell's Oyster House

    0.62 miles

  • Alabama Community College System

    0.16 miles

  • Jones Law School

    0.27 miles

  • W B Paterson School

    0.44 miles

  • Baldwin Junior High School

    0.44 miles

  • Booker T Washington Junior High School

    0.45 miles

  • Houston Hill Junior High School

    0.55 miles

  • Central Area Vocational Center

    0.57 miles

  • Troy University - Montgomery Campus

    0.61 miles

  • Troy University

    0.61 miles

  • Chilton Elementary School

    0.78 miles

Frequently Asked Questions

How much does Ala Homes SFR Portfolio Assumable Debt Available cost?

The space currently listed for sale at Ala Homes SFR Portfolio Assumable Debt Available asks for $4,428,500.

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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Contact Listing Broker

broker

Steven Paulsen

Open Market CRE