- For Sale $4,428,500
- Property Type Multi-Family
- Property Size 66,960 SF
- Units 52
- Additional Rent Contact for pricing
- Date Updated Nov 25, 2024
Reach out to the broker for more info on lease terms and amenities
Attachments
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
-
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
-
Wendy's
0.18 miles
-
Burger King
0.18 miles
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Cahawba House
0.49 miles
-
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
-
Chilton Elementary School
0.78 miles
Frequently Asked Questions
The space currently listed for sale at Ala Homes SFR Portfolio Assumable Debt Available asks for $4,428,500.
Ala Homes SFR Portfolio Assumable Debt Available totals 66,960 square feet.
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