644 Federal Dr | Montgomery, AL 36107
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644 Federal Dr
Montgomery, AL 36107
Montgomery | Ala Homes | 52 Units See OM · Multifamily Property For Sale
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52 Units
INVESTMENT HIGHLIGHTS
- Value Add Opportunity via Rent Raise and Renovations | Rental Income Loss to Lease 16.82%
- Centrally Located Portfolio | Montgomery Alabama | Strategic Ability to Sell Individually Into Historically Strong Single Family Market
- Strategic Ability to Sell Individually Into Historically Strong Single Family Market
- Attractive Assumable Debt Options Available | 4.53% Beginning 12-31-2019 | Pro Forma Cap Rate 7.10% | Pro Forma NOI $342,425.42
- 52 Single Family Homes in this Acquisition Offering | 135 Total Units Available Across Multiple Portfolio Offerings
- Notable Economic Drivers | Hyundai Plant, Maxwell-Gunter Air Force Base, State Capitol Alabama State University, Amazon, Alfa Insurance
PROPERTY FACTS
| No. Units | 52 | Lot Size | 1.57 AC |
| Property Type | Multifamily | Building Size | 1,883 SF |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Single-Family Home | Year Built | 1940 |
| Building Class | C | ||
| Zoning | R-100 | ||
| No. Units | 52 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | C |
| Lot Size | 1.57 AC |
| Building Size | 1,883 SF |
| No. Stories | 1 |
| Year Built | 1940 |
| Zoning | R-100 |
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