rosa parks apartments
534 rosa parks, Montgomery, AL 36108
Last Updated 28 days ago
Listing ID 17609409
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- rents are proforma and conservatively calculated at $550 per month for 48 two bedroom units and
- $700 per month for 12 three bedroom units making a gross annual income of
- $417,600! Incredible ROI. Cap rate is shown at 30 because that is as high as I am
- allowed to post. It is actually much higher probably in the 40 to 50 range!
- TOTAL PROPERTY TAXES ARE ONLY $1200 TOTAL ANNUAL! About $2 per month per
- apartment! Unheard of!
60 units consisting of 48 two bedroom and 12 three bedrooms. Concrete block construction. Buildings have new roofs but need complete renovations regarding plumbing,electrical and hvac.
INCREDIBLE INVESTMENT FOR SOMEONE LOOKING FOR GREAT RETURN ON INVESTMENT AFTER REHAB!
ONLY $4200 PER UNIT!!!!!!!!!!!!!!!!! YES, YOU READ THIS CORRECTLY!!!!!!! CASH SALE AND IT WON'T LAST LONG!!!!!!!! $20,000 EARNEST MONEY NEEDED WHICH GOES HARD IN 30 DAYS! CLOSING TO BE WITHIN 60 DAYS!
Rents are proforma with conservative rents of $550 per month on the 48 2 bedroom units and conservatively $700 per month on the 3 bedroom units.
Great section 8 demand for this area which is on the outskirts of the downtown area.
In historic Montgomery Alabama home to the ONLY Hyundai car manufacturing plant in the United States. Hyundai just announced record sales and production from this plant. Also, Montgomery is the state capitol. This location is right next to downtown Montgomery where incredible renovations have been going on.Montgomery is also the state Capitol and home to Maxwell air force base.
Map of 534 rosa parks, Montgomery, AL 36108 (Montgomery County)
Additional Information for 534 Rosa L Parks Avenue, Montgomery, AL 36108
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The information above has
been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified
it and make no guarantee, warranty or representation about it. It is your responsibility to independently
confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are
for example only and do not represent the current or future performance of the property. The value of
this transaction to you depends on tax and other factors which should be evaluated by your tax, financial,
and legal advisors. You and your advisors should conduct a careful, independent investigation of the
property to determine to your satisfaction the suitability of the property for your needs. TB-P
rosa parks apartments
- 60 Units
- 36,538 SF