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Highland Village Apartments 1024 Day Street Rd 88 Unit Apartment Building $4,400,000 ($50,000/Unit) 9.19% Cap Rate Montgomery, AL 36108
Property Facts
| Price | $4,400,000 | Building Class | C |
| Price Per Unit | $50,000 | Lot Size | 21.75 AC |
| Sale Type | Investment | Building Size | 54,296 SF |
| Cap Rate | 9.19% | Average Occupancy | 95% |
| No. Units | 88 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1969/2020 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Garden | ||
| Zoning | M-3 - M-3 zoning in Alabama typically refers to heavy industrial or intensive manufacturing districts, designed for activities that may produce noise, odor, or smoke, such as factories, warehouses, and logistics centers. | ||
| Price | $4,400,000 |
| Price Per Unit | $50,000 |
| Sale Type | Investment |
| Cap Rate | 9.19% |
| No. Units | 88 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 21.75 AC |
| Building Size | 54,296 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built/Renovated | 1969/2020 |
| Opportunity Zone |
Yes |
| Zoning | M-3 - M-3 zoning in Alabama typically refers to heavy industrial or intensive manufacturing districts, designed for activities that may produce noise, odor, or smoke, such as factories, warehouses, and logistics centers. |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Tile Floors
- Range
- Wheelchair Accessible (Rooms)
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 16 | - | 494 |
| 2+1 | 56 | - | 670 |
| 3+1.5 | 16 | - | 790 |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $341,260 | |
| Land Assessment | $55,680 | Total Assessment | $396,940 |
Property Taxes
Parcel Numbers
Land Assessment
$55,680
Improvements Assessment
$341,260
Total Assessment
$396,940
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Highland Village Apartments | 1024 Day Street Rd
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