Avignon Terrace
12%+ NET RETURN ON INVESTMENT AND OVER $500k+ IN VALUE ADD!!!
Listing Contacts
JC 
License: MI 6501405810
Active
Asking Price: $1,950,000
Earnest Money Deposit: 10% min.
Address
335 W Jeff Davis Ave, Montgomery, AL 36104
Show on MapDate Added
May 16, 2024
Days on Market
0 days
Time Since Last Update
4 hours
Details
Property TypeMultifamily
SubtypeApartment Building
Investment TypeValue Add
ClassC
Square Footage26,450
Net Rentable (sq ft)26,450
Price/Sq Ft$73.72
Cap Rate13.05%
Pro-Forma Cap Rate13.05%
Occupancy80%
NOI$254,539
Pro-Forma NOI$254,539
Units35
Year Built1969
Stories3
ZoningMULTI FAMILY
Lot Size (acres)2
Price/Sq Ft (Land Value)$0/SF
Price/Unit$55,714.29
Sale ConditionFor sale by owner
Marketing Description
BEAUTIFUL BRICK COMPLEX!!!
35 unit apartment complex. 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 needs TLC and better management, 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.
Investment Highlights
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BRICK CONSTRUCTION
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CENTRAL HEAT AND AIR
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CITY WATER AND SEWER
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SEPARATE ELECTRIC METERS
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BEAUTIFUL CHILDRENS PLAYGROUND
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TONS OF UPSIDE
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HIGH RETURN ON INVESTMENT
Valuation Calculator
Due Diligence
Listing Contacts
JC License: MI 6501405810
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Broker Information
Broker Name
JORGE CORTES
Broker License
MI 6501405810
Brokerage Name
Multi Family Purchases LLC
Brokerage Address
North Miami Beach, Miami, United States 33160
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