3345 Fernway Dr - Residential Income FOR SALE


Montgomery, AL 36111
$1,002,900 USD
561-929-4098
3345 Fernway Dr, Montgomery, AL for Sale
$1,002,900 USD
Residential Income - FOR SALE
1/7
null | 6.47% Cap Rate

3345 Fernway Dr
Montgomery, AL 36111


HIGHLIGHTS

  • Assumable Debt | 4.64%
  • Value Add Opportunity via Rent Raise and Renovation Program
  • Centrally Located Portfolio
  • Rental Income Loss to Lease | 9.24%
  • State Capitol of Alabama, Alabama State University, Amazon, Alfa Insurance
  • Notable Economic Drivers | Hyundai Plant, Maxwell-Gunter AF Base,

OVERVIEW

Priced Well Below Replacement Cost at $82 A Square Foot Value Add Opportunity via Rent Raise and Renovation Program Centrally Located Portfolio For Easier Management Assumable Debt | 4.64% - Total Return Year One Greater Than 9.82% Rental Income Loss to Lease | 9.24% Pro Forma Cap Rate | 7.32% 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

FOR SALE DETAILS

PRICE

$1,002,900 USD

PRICE/SF

$578 USD /SF

CAP RATE

6.47%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CCF Houses Montgomery SFR Portfolio

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Residential Income

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1972

SPRINKLERS

-

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,707 SF

ZONING

R-85

APN/PARCEL ID

10-08-27-2-010-007.000

ASK ABOUT THIS PROPERTY

Steven PaulsenOpen Market CREMore Info
561-929-4098

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Steven PaulsenOpen Market CREMore Info
561-929-4098

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.