2400 4th Ave | Phenix City, AL 36867
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- LoopNet Team
2400 4th Ave
Phenix City, AL 36867
Hawthorne Apartments · Multifamily Property For Sale
·
52 Units
INVESTMENT HIGHLIGHTS
- This investment project has a pro-forma cap rate starting at 15%.
- Located under a mile from Summerville Elementary School, and only a short drive to both Phenix City Intermediate School and Central High School.
- Located within 15 minutes walking distance of major grocery store; Super Saver Express.
- After renovations, the property will value approximately $50,000 per unit.
- In close proximity to local bars and restaurants such as Giovanna’s Pizzeria, 13th Street Bar-Be-Que, Swaggin’ Fluffles, and Thai Thai Cuisine.
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Kitchen
- Refrigerator
SITE AMENITIES
- Property Manager on Site
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | $550.00 | - |
| 2+1 | 44 | $720.00 | - |
PROPERTY TAXES
| Parcel Number | 05-01-11-01-008-013.000 | Improvements Assessment | $186,400 |
| Land Assessment | $25,060 | Total Assessment | $211,460 |
PROPERTY TAXES
Parcel Number
05-01-11-01-008-013.000
Land Assessment
$25,060
Improvements Assessment
$186,400
Total Assessment
$211,460
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