This Multifamily Property is Off-Market.

105 Oakwood Drive
Luverne, AL 36049 ·

28 Units · Multifamily For Sale



Oakwood Apartments -- 13.08 cap

Price N/A Property Use Type Investment
No. Units 28 Commission Split 5%
Building Size 21,000 SF Cap Rate 13.08%
Property Type Multifamily No. Stories 1
Property Sub-type Garden/Low-Rise Year Built 1980
Listing ID: 18021217 Date Created: 02/10/2013 Last Updated: 02/23/2014


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


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

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