- For Sale $4,428,500
- Property Type Multi-Family
- Property Size 66,960 SF
- Units 52
- Additional Rent Contact for pricing
- Date Updated Nov 18, 2024
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Reach out to the broker for more info on lease terms and amenities
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%
- Cap Rate: 7.98% on Current | Pro Forma 10.2%
- Cash on Cash: 8.92% on Current | Pro Forma 12.64%
- Total Return: 10.4% on Current | Pro Forma 14.1%
- Rental Income Loss to Lease | 14.57%
- 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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Circle K
0.25 miles
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BP
0.86 miles
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Exxon
0.88 miles
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Chevron
1.30 miles
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Blink
1.70 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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Citgo
2.04 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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Staybridge Suites Montgomery - Downtown
0.65 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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Destiny Inn
3.48 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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Wendy's
0.18 miles
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Burger King
0.18 miles
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Cahawba House
0.49 miles
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D'Road
0.55 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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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
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
Steven Paulsen
Open Market CRE