335 Jeff Davis Ave, Montgomery, AL 36104
37 Unit Apartment Building | $1,975,000 ($53,378/Unit) | 11.97% Cap Rate | Montgomery, AL 36104
For Sale
Active
Asking Price $1,975,000
- Property Type
-
Multifamily
- Square Feet
- 26,450 SF
Listing Contacts
Chris Murray
Property Overview
BEAUTIFUL BRICK COMPLEX!!!
35 unit apartment complex. 350% improvement this year!!!! 12%+ NET RETURN ON INVESTMENT AND OVER $500k+ IN VALUE ADD!!! Located in the heart of georgeous capital city of Montgomery, AL. 400k residents in the MSA. Separate electric meters, central heat and air, city water and sewer. On-site laundry room for additional income. Adjacent vacant lot is included as well and has a really nice playground for kids. Perfect complex for families. Property is almost fully occupied!!!! Sold at a huge discount!!! Tons of upside, last state capital city with tons of appreciation potential and affordability.
Do not miss out on this opportunity, call today!
35 unit apartment complex. 350% improvement this year!!!! 12%+ NET RETURN ON INVESTMENT AND OVER $500k+ IN VALUE ADD!!! Located in the heart of georgeous capital city of Montgomery, AL. 400k residents in the MSA. Separate electric meters, central heat and air, city water and sewer. On-site laundry room for additional income. Adjacent vacant lot is included as well and has a really nice playground for kids. Perfect complex for families. Property is almost fully occupied!!!! Sold at a huge discount!!! Tons of upside, last state capital city with tons of appreciation potential and affordability.
Do not miss out on this opportunity, call today!
Property Details
- Class
- C
- Year Built
- 1969
- Stories
- 2
- Property Subtype
- Manufactured Housing/Mobile Home, Dormitory
- Lot Size (sq. ft)
- 87,120 SF
- Units
- 37
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