Map of Property

Pine Ridge Colony

640 Greenview St, ALBERTVILLE, AL 35950

  • For Sale $3,500,000
  • Property Type Multi-Family
  • Property Size 58,080 SF
  • Units 72
  • Lot Size 3.53 Acre
  • Additional Rent Contact for pricing
  • Year Built 1986
  • Year Renovated 2016
  • Date Updated Aug 28, 2024
Albertville, ALPine Ridge Apartments is a 72-unit apartment complex located in quiet Albertville, Alabama. Built in 1986, the property is in strong, stable operating condition with 100% occupancy. and a waiting list. With the addition of a pet park and outdoor community area, as well as a renovation of the playground investors could effectively increase rents by 5% providing an additional $21,600 in rental revenue a year. These amenities would require little to no maintenance, providing a sustainable and significant upside for investors. Pine Ridge presents one of the best opportunities in the apartment asset class we've seen in 2017. Roughly 70% of the units are 2 bedroom units, the property has been 97% occupied for years, and offers a new buyer a 15%+ return in YR 1. The property is practically new, with many renovations over the last four years including the following:

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Highlights

  • Pet Friendly
  • Updated Metal Roofs (2013)
  • Updated Vinyl Siding (2016)
  • Strong Occupancy
  • All HVACs [2014-2016]
  • 65% New Appliances
  • Water saving faucets
  • Wood Laminate Flooring
  • Light Fixture Packages

Contacts

broker

Andrew Agee

SVN | AVAT Realty

Location

Getting Around

  • Walk Score ®

    27/100 Car-Dependent

  • Bike Score ®

    24/100 Somewhat Bikeable
Powered by Walk Score ®
  • City ALBERTVILLE, AL
  • Zip Code 35950
  • Market Huntsville

Points of Interest

  • Shell

    1.72 miles

  • Citgo

    2.33 miles

  • Chevron

    2.46 miles

  • Mapco

    2.96 miles

  • Marathon

    3.17 miles

  • RaceWay

    5.55 miles

  • Murphy USA

    5.83 miles

  • Quality Inn

    1.26 miles

  • Microtel Inn & Suites

    1.50 miles

  • Hampton Inn Albertville

    1.51 miles

  • Fairfield Inn & Suites

    4.22 miles

  • Covenant Cove Lodge & Marina

    8.15 miles

  • Hampton Inn

    8.31 miles

  • Wyndham Garden Lake-Guntersville

    8.79 miles

  • Lake Guntersville Lodge

    9.61 miles

  • La Orquidea

    0.25 miles

  • Legghorn's Cafe

    0.53 miles

  • Bootlegger's Pizza & Pints

    1.16 miles

  • Mater's Pizza & Pasta Emporium

    1.18 miles

  • Local Joe's

    1.19 miles

  • El Sazon Latino

    1.21 miles

  • Haitian-Style Cuisine

    1.21 miles

  • Yum Yum Tree and Catering

    1.30 miles

  • Giovanni's Pizza

    1.36 miles

  • JESSIE'S CAFE

    1.40 miles

  • Albertville High School

    0.77 miles

  • Albertville Junior High School

    0.79 miles

  • Albertville Elementary School

    1.70 miles

  • Evans Elementary School

    1.95 miles

  • Boaz Middle School

    3.49 miles

  • Boaz High School

    3.52 miles

  • Snead State Community College

    4.04 miles

  • Boaz Elementary School

    4.21 miles

  • Highview School

    4.82 miles

  • Marshall County Technical School

    6.29 miles

Frequently Asked Questions

How much does Pine Ridge Colony cost?

The space currently listed for sale at Pine Ridge Colony asks for $3,500,000.

What is the total square footage of Pine Ridge Colony?

Pine Ridge Colony totals 58,080 square feet.

When was this property built?

Pine Ridge Colony was built in 1986.

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Contact Listing Broker

broker

Andrew Agee

SVN | AVAT Realty