3800 Governors Dr - Apartments FOR SALE
Montgomery, AL 36111 |
918-809-5129
3800 Governors Dr
Montgomery, AL 36111
HIGHLIGHTS
- 228 total units
- 60%+ renovated unit interiors
- Average rent premium available: $70/unit
- Year One offers a high 7% cap rate, with a clear pathway to achieving a fully stabilized 9% cap rate and double-digit yields by Year Two
- Heavily renovated asset (over $6.5M total capex – nearly $30k/unit) with all new exteriors, roofs, stairways, mechanicals, electric, plumbing, ETC.
- 10-minute drive from the Hyundai Manufacturing Plant under 3 miles from major grocery options like, Fresh Market, Publix, Aldi, & Walmart
FOR SALE DETAILS
BUILDING DETAILS
PROPERTY NAME
McGehee Park Apartments
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Garden
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
1971
PARKING SPACES
350
LAND DETAILS
LAND ACRES
10.91 AC
LAND SF
475,170 SF
ZONING
R-75-M
APN/PARCEL ID
10-08-27-3-008-038.000
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918-809-5129
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918-809-5129
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