1485 Watson Ave - Residential Income FOR SALE
Montgomery, AL 36106 |
1485 Watson Ave
Montgomery, AL 36106
HIGHLIGHTS
- Value Add Opportunity via Rent Raise and Renovations | Rental Income Loss to Lease 15.5%
- Pro Forma Cap Rate 7.16% | Pro Forma NOI $1,068,657.80 | 135+ Units
- Ability to Buy Certain Holding Corporations Separate from Others | Attractive Assumable Debt Options Available
- Centrally Located Portfolio | Montgomery Alabama | Strategic Ability to Sell Individually Into Historically Strong Single Family Market
- 96 Single Family Homes | 12 Duplex | 1 Triplex | 3 Quadraplex
- Notable Economic Drivers | Hyundai Plant | Maxwell-Gunter Air Force Base | State Capitol | Alabama State University | Amazon | Alfa Insurance
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Montgomery Resi Portfolio | 135+ Units See OM
PROPERTY TYPE
Specialty
PROPERTY SUBTYPE
Residential Income
TOTAL BUILDING SIZE
189706
STORIES
1
BUILDING CLASS
-
YEAR BUILT
1978
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.29 AC AC
LAND SF
12,632 SF
ZONING
-
APN/PARCEL ID
10-04-20-2-013-024.000
