1355 Commerce Dr | Auburn, AL 36830
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1355 Commerce Dr
Auburn, AL 36830
The Avery at Auburn · Multifamily Property For Sale
·
108 Units
INVESTMENT HIGHLIGHTS
- Significant Capital Infusion: Current ownership has completed recent interior and amenity renovations.
- Close Proximity to Auburn University: The property is 4.2 miles from the school which boasts an annual enrollment of 33,000+ students.
- Retail Options Are Plentiful: The Avery sits near both the Auburn Mall (50+ stores) and Tiger Town Outdoor Shopping Center (108 stores).
- Substantial Rental Growth: The Auburn market saw a 7.6% increase in rents over the past 12 months; The Avery has seen in-place rent growth of 8.6%.
- Major Employers Nearby: East Alabama Medical Center (3,700 jobs) is just 2.7 miles away. Briggs & Stratton (430 jobs) is less than 20 minutes' drive.
- Strong Economy: Non-farm payrolls were recently increasing at an annual rate of 12.8%, or a gain of about 7,600 jobs.
PROPERTY FACTS
| No. Units | 108 | Building Size | 108,207 SF |
| Property Type | Multifamily | Average Occupancy | 98% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1992 |
| Building Class | B | Parking Ratio | 2.4/1,000 SF |
| Lot Size | 11.95 AC |
| No. Units | 108 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 11.95 AC |
| Building Size | 108,207 SF |
| Average Occupancy | 98% |
| No. Stories | 2 |
| Year Built | 1992 |
| Parking Ratio | 2.4/1,000 SF |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Washer/Dryer Hookup
- Kitchen
- Refrigerator
SITE AMENITIES
- Playground
- Property Manager on Site
- Pet Play Area
- Trash Pickup - Curbside
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 20 | - | 840 |
| 2+2 | 72 | - | 905 |
| 3+2 | 16 | - | 1,022 |
PROPERTY TAXES
| Parcel Number | 09-05-16-4-000-002.002 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,343,540 |
PROPERTY TAXES
Parcel Number
09-05-16-4-000-002.002
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,343,540
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