3364 Fountain Ln | Montgomery, AL 36116
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- LoopNet Team
3364 Fountain Ln
Montgomery, AL 36116
The Lofts on Fountain · Multifamily Property For Sale
·
242 Units
INVESTMENT HIGHLIGHTS
- Income Upside through Loss-to-Lease and Value-Add -The stabilized property has been historically operating well below market rents. Current ownership
- Attractive Family-Oriented Unit Mix In addition, Fountain Lane provides some of the most spacious units available in the market, with a majority of t
- Additional Upside Opportunities- There are additional revenue streams that have not been tapped into utilizing various resources. These opportunitie
- Centrally Located in Montgomery- Park at Fountain Lane is close to Highway 85 and Highway 65 within minutes of major employers. The property is only f
PROPERTY FACTS
| No. Units | 242 | Building Size | 265,504 SF |
| Property Type | Multifamily | Average Occupancy | 78% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1973 |
| Building Class | C | Parking Ratio | 1.32/1,000 SF |
| Lot Size | 16.01 AC | ||
| Zoning | B-3 - Business District | ||
| No. Units | 242 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 16.01 AC |
| Building Size | 265,504 SF |
| Average Occupancy | 78% |
| No. Stories | 2 |
| Year Built | 1973 |
| Parking Ratio | 1.32/1,000 SF |
| Zoning | B-3 - Business District |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Fireplace
- Microwave
- Washer/Dryer Hookup
- Heating
- Security System
- Ceiling Fans
- Tile Floors
- High Speed Internet Access
- Refrigerator
- Views
- Walk-In Closets
SITE AMENITIES
- Business Center
- Clubhouse
- Fitness Center
- Laundry Facilities
- Playground
- Pool
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 76 | - | 810 |
| 2+2 | 116 | - | 1,015 - 1,108 |
| 2+2.5 | 20 | - | 1,488 |
| 3+2.5 | 30 | - | 1,632 |
PROPERTY TAXES
| Parcel Number | 10-07-26-4-005-003.000 | Improvements Assessment | $2,501,920 |
| Land Assessment | $96,000 | Total Assessment | $2,597,920 |
PROPERTY TAXES
Parcel Number
10-07-26-4-005-003.000
Land Assessment
$96,000
Improvements Assessment
$2,501,920
Total Assessment
$2,597,920
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