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690 Ponce de Leon Ave
Montgomery, AL 36106
Montgomery | B&R, Camelot, Gator | 58 Units · Multifamily Property For Sale
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1 Unit
Investment Highlights
- Value Add Opportunity via Rent Raise and Renovations | New Debt is Available at Acquisition
- Centrally Located Portfolio | Montgomery Alabama | Portfolio Mix of Single Family Homes and Multifamily Residential
- Strategic Ability to Sell Individually Into Historically Strong Single Family Market
- Rental Income Loss to Lease 16.28% | Pro Forma Cap Rate 6.33% | Pro Forma NOI $423,200.06
- 58 Single Family Homes | Vacant Lot Available 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 | 1 | Lot Size | 0.16 AC |
| Property Type | Multifamily | Building Size | 1,230 SF |
| Property Subtype | Apartment | No. Stories | 1 |
| Building Class | B | Year Built | 1978 |
| Zoning | R-60-S | ||
| No. Units | 1 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 0.16 AC |
| Building Size | 1,230 SF |
| No. Stories | 1 |
| Year Built | 1978 |
| Zoning | R-60-S |
Property Taxes
| Parcel Number | 10-03-08-2-021-004.000 | Improvements Assessment | $6,860 |
| Land Assessment | $3,000 | Total Assessment | $9,860 |
Property Taxes
Parcel Number
10-03-08-2-021-004.000
Land Assessment
$3,000
Improvements Assessment
$6,860
Total Assessment
$9,860
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