3435-3513 Audubon Rd | Montgomery, AL 36111
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- LoopNet Team
3435-3513 Audubon Rd
Montgomery, AL 36111
Cloverdale Estates · Multifamily Property For Sale
·
106 Units
INVESTMENT HIGHLIGHTS
- - Current ownership has renovated 75% of total units
- - Montgomery is Alabama's 2nd largest city with a population of over 386,000
- - Montgomery market has experienced 3.6% 12-month effective rent growth and 8.8% market vacancy
- - New roofs on all buildings in Fall 2021
- - Located near the Maxwell-Gunter Air Force Base, offering high levels of government emplloyment
- - New ownership, based upon area rent comps, can raise rents up to $146 / unit
PROPERTY FACTS
| No. Units | 106 | Building Size | 119,786 SF |
| Property Type | Multifamily | Average Occupancy | 90% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1953 |
| Building Class | C | Parking Ratio | 1.19/1,000 SF |
| Lot Size | 6.48 AC | ||
| Zoning | R-75-M | ||
| No. Units | 106 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 6.48 AC |
| Building Size | 119,786 SF |
| Average Occupancy | 90% |
| No. Stories | 2 |
| Year Built | 1953 |
| Parking Ratio | 1.19/1,000 SF |
| Zoning | R-75-M |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Heating
- Kitchen
- Refrigerator
- Range
- Tub/Shower
- Freezer
SITE AMENITIES
- 24 Hour Access
- Fenced Lot
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 30 | $696.00 | 725 - 750 |
| 2+1 | 49 | $804.50 | 800 - 1,250 |
| 2+2 | 7 | $875.00 | 1,200 - 1,350 |
| 3+2 | 20 | $936.00 | 1,050 - 1,200 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $945,000 | |
| Land Assessment | $101,080 | Total Assessment | $1,046,080 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$101,080
Improvements Assessment
$945,000
Total Assessment
$1,046,080
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