Historical Multifamily Sale Listing - Oakwood Apartments -- 13.08 cap

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Oakwood Apartments -- 13.08 cap

105 Oakwood Drive, Luverne, AL 36049

N/A

28 Units | Multifamily

  • Print

Office bldg

Multifamily Property - Off Market

Price:
N/A
No. Units:
28
Building Size:
21,000 SF
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Commission Split:
5%
Cap Rate:
13.08%
No. Stories:
1
Year Built:
1980
Listing ID
18021217
Last Updated
52 days ago

Description

28 one BR, one BA apartments extensively renovated in 2010/2011. Property generated $85,688 in cash flow over the past 12 months. Renovations included metal roofs, new appliances, vinyl exterior, new countertops, etc. Management and maintenance are in place and want to remain. This is a turn-key property that will cash flow from Day One.

Luverne is a small town 20 miles west of Troy, AL and roughly an hour south of Montgomery, AL

Map of 105 Oakwood Drive, Luverne, AL 36049 (Crenshaw County)

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Created 2/10/2013