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2810 Fairwest St 20 Unit Apartment Building $849,000 ($42,450/Unit) 9.25% Cap Rate Montgomery, AL 36108
Investment Highlights
- Centrally located near downtown Montgomery
Executive Summary
12/20 Units rented. 4 units rent-ready, 4 other units need repair, with an approximate $50k in cap-ex needed to be fully operational.
Property Facts
| Price | $849,000 | Building Class | C |
| Price Per Unit | $42,450 | Lot Size | 0.29 AC |
| Sale Type | Investment | Building Size | 11,948 SF |
| Cap Rate | 9.25% | Average Occupancy | 0% |
| No. Units | 20 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1960/2024 |
| Property Subtype | Apartment | Parking Ratio | 1.67/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | M-1 - Residential Apts | ||
| Price | $849,000 |
| Price Per Unit | $42,450 |
| Sale Type | Investment |
| Cap Rate | 9.25% |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.29 AC |
| Building Size | 11,948 SF |
| Average Occupancy | 0% |
| No. Stories | 2 |
| Year Built/Renovated | 1960/2024 |
| Parking Ratio | 1.67/1,000 SF |
| Zoning | M-1 - Residential Apts |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Heating
- Eat-in Kitchen
- Kitchen
- Refrigerator
- Range
- Tub/Shower
- Vinyl Flooring
Site Amenities
- Fenced Lot
- Security System
- Tenant Controlled HVAC
- Smoke Free
- Trash Pickup - Curbside
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | - |
| 2+1 | 12 | - | - |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 11-06-23-3-002-007.000 | Improvements Assessment | $48,780 |
| Land Assessment | $3,140 | Total Assessment | $51,920 |
Property Taxes
Parcel Number
11-06-23-3-002-007.000
Land Assessment
$3,140
Improvements Assessment
$48,780
Total Assessment
$51,920
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2810 Fairwest St
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