335 W Jeff Davis Ave - Apartments FOR SALE


Montgomery, AL 36104
$1,975,000 USD
754-251-0201
335 W Jeff Davis Ave, Montgomery, AL for Sale
$1,975,000 USD
Apartments - FOR SALE
1/6
null | 11.97% Cap Rate

335 W Jeff Davis Ave
Montgomery, AL 36104


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!

FOR SALE DETAILS

PRICE

$1,975,000 USD

PRICE/SF

$75 USD /SF

# OF UNITS

37

PRICE/UNIT

$53,378

CAP RATE

11.97%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Avignon Terrace Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Manufactured Housing/Mobile Housing, Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1969

PARKING SPACES

68

LAND DETAILS

LAND ACRES

2 AC

LAND SF

87,120 SF

ZONING

O-1

APN/PARCEL ID

11-06-13-4-003-003.000,11-06-13-4-003-005.000

ASK ABOUT THIS PROPERTY

Chris MurrayLOYD RealtyMore Info
754-251-0201

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Chris MurrayLOYD RealtyMore Info
754-251-0201

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