- For Sale $1,002,900
- Property Type Multi-Family
- Property Size 12,279 SF
- Units 8
- Date Updated Apr 9, 2024
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Highlights
- Priced Well Below Replacement Cost at $82 A Square Foot
- Value Add Opportunity via Rent Raise and Renovation Program
- Centrally Located Portfolio For Easier Management
- Assumable Debt | 4.64% - Total Return Year One > 9.82%
- Rental Income Loss to Lease | 9.24%
- Pro Forma Cap Rate | 7.32%
- 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
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Contacts
Steven Paulsen
Open Market CRE
(954) 859-5003
Location
Getting Around
-
Walk Score ®
Somewhat Walkable (65) -
Transit Score ®
Some Transit (29) -
Bike Score ®
Somewhat Bikeable (38)
- City Montgomery, AL
- Neighborhood Brentwood
- Zip Code 36111
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
-
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
-
Lot 5
7.31 miles
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Lot 1
7.38 miles
-
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
-
Wasabi Japanese Cuisine
0.60 miles
-
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
-
Troy University - Montgomery Campus
0.61 miles
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Troy University
0.61 miles
-
Chilton Elementary School
0.78 miles
Contact Listing Broker
Steven Paulsen
Open Market CRE
(954) 859-5003