- For Sale $2,750,000
- Property Type Multi-Family
- Property Size 31,770 SF
- Units 23
- Lot Size 1 Acre
- Additional Rent Contact for pricing
- Property Tenancy Multi-Tenant
- Date Updated Nov 18, 2024
Want more info on this listing?
Reach out to the broker for more info on lease terms and amenities
Highlights
- Highly Aggressive Returns | Well Above Market
- Value Add Opportunity | Further Renovations Strategy
- Priced Well Below Replacement Value | $87 Per Sq Foot
- Attractive Day One Returns With Upside
- Fully Occupied Section 8 Voucher Rental Portfolio
- Tenants Maintain Lawn Service and Pest Control
- Montgomery Alabama is Capital City of Alabama
- Award Winning Chamber of Commerce | Great Place to do Business
- Strategic Ability to Sell Individually Into Historically Strong Single Family Market
- Alabama Historically Low Real Estate Tax State
- Notable Economic Drivers | Hyundai Plant, Maxwell-Gunter AF Base, META Data Center,
- State Capitol of Alabama, Alabama State University, Amazon, Alfa Insurance
False
Contacts
Location
Getting Around
-
Walk Score ®
65/100 Somewhat Walkable -
Transit Score ®
30/100 Some Transit -
Bike Score ®
37/100 Somewhat Bikeable
- City Montgomery, AL
- Neighborhood Downtown Montgomery
- Zip Code 36109
Points of Interest
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Circle K
0.30 miles
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BP
0.58 miles
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Exxon
0.60 miles
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Chevron
1.28 miles
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Blink
1.45 miles
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Citgo
1.76 miles
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Entec
2.03 miles
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Z-Tec
2.04 miles
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Murphy USA
2.06 miles
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Pacecar
2.08 miles
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One Commerce Street Parking
0.35 miles
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Chamber of Commerce Parking
0.37 miles
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Lot 5
7.56 miles
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Lot 1
7.64 miles
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DoubleTree by Hilton Hotel Montgomery Downtown
0.30 miles
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Staybridge Suites Montgomery - Downtown
0.42 miles
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SpringHill Suites
0.48 miles
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Renaissance Montgomery Hotel & Spa at the Convention Center
0.50 miles
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Embassy Suites Montgomery Hotel & Conference Center
0.60 miles
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Stay Lodge
1.99 miles
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Red Roof Inn Montgomery Midtown
2.20 miles
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Destiny Inn
3.31 miles
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America's Best Inns & Suites
3.74 miles
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Hilton Garden Inn Montgomery East
3.78 miles
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Cahawba House
0.23 miles
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D'Road
0.31 miles
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NYC Gyros
0.34 miles
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Flames Grille
0.34 miles
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Mellow Mushroom
0.40 miles
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Wintzell's Oyster House
0.43 miles
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Burger King
0.44 miles
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Jimmy John's
0.45 miles
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Wendy's
0.46 miles
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Wasabi Japanese Cuisine
0.46 miles
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Jones Law School
0.06 miles
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Baldwin Junior High School
0.16 miles
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Troy University - Montgomery Campus
0.33 miles
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Troy University
0.34 miles
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Alabama Community College System
0.35 miles
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Booker T Washington Junior High School
0.44 miles
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Chilton Elementary School
0.45 miles
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Central Area Vocational Center
0.49 miles
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University Center School
0.68 miles
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W B Paterson School
0.76 miles
Frequently Asked Questions
How much does Capital City Residential Portfolio cost?
The space currently listed for sale at Capital City Residential Portfolio asks for $2,750,000.
What is the total square footage of Capital City Residential Portfolio?
Capital City Residential Portfolio totals 31,770 square feet.
Looking for more in-depth information on this property?
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Contact Listing Broker
Steven Paulsen
Open Market CRE