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Hidden Creek Luxury Apartments 100 Hidden Creek Place 28 Unit Apartment Building $5,600,000 ($200,000/Unit) 7.39% Cap Rate Florence, AL 35630



INVESTMENT HIGHLIGHTS
- Attractive unit mix of spacious 2-bedroom units.
- Day-1 yield, tax adjusted 7%+ cap rate
- Strategically located off Cox Creek Parkway, the premier retail corridor & a major thoroughfare.
- Proven demand, achieving 90%+ Occupancy since initial lease-up phase
- Newly Constructed, 2023 Vintage BTR Community, offering modern design and reduced capital expenditure requirements.
- Tier-1 multifamily asset within the local market
EXECUTIVE SUMMARY
Hutt Cooke
License # 000110253 - 0 (AL)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
License # 000110253 - 0 (AL)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
PROPERTY FACTS
| Price | $5,600,000 | Building Class | C |
| Price Per Unit | $200,000 | Lot Size | 4.58 AC |
| Sale Type | Investment | Building Size | 35,000 SF |
| Cap Rate | 7.39% | Average Occupancy | 97% |
| No. Units | 28 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 2023 |
| Property Subtype | Apartment |
| Price | $5,600,000 |
| Price Per Unit | $200,000 |
| Sale Type | Investment |
| Cap Rate | 7.39% |
| No. Units | 28 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 4.58 AC |
| Building Size | 35,000 SF |
| Average Occupancy | 97% |
| No. Stories | 1 |
| Year Built | 2023 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Microwave
- Security System
- Kitchen
- Refrigerator
- Oven
- Smoke Free
SITE AMENITIES
- 24 Hour Access
- Security System
- Tenant Controlled HVAC
- Smoke Free
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
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PROPERTY TAXES
| Parcel Number | 15-07-25-4-001-013.001 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $855,000 |
PROPERTY TAXES
Parcel Number
15-07-25-4-001-013.001
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$855,000
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Hidden Creek Luxury Apartments | 100 Hidden Creek Place
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