Share This Listing

Message

911 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the brokers for more information about this property

University Terrace Apartments 704 Washington Chapel Terrace Court 60 Unit Apartment Building $3,900,000 ($65,000/Unit) Tuskegee, AL 36083

Save this listing!

Favorite this listing to get notified of price updates, new media and more

INVESTMENT HIGHLIGHTS

  • Prime Location: Close to the newly established Samkee Corporation facility and Tuskegee University
  • Strategic Growth: Proximity to major employers and a growing local economy enhances ROI prospects
  • High Rental Demand: Strong occupancy potential from students, the local workforce, and market-rate tenants.
  • Investment Potential: Opportunities for steady cash flow and long-term appreciation

EXECUTIVE SUMMARY

This 67,462 SF multifamily low-rise/garden property features 60 units, offering strong investment potential.

PROPERTY FACTS

Price $3,900,000
Price Per Unit $65,000
Sale Type Investment
No. Units 60
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class C
Lot Size 6.57 AC
Building Size 67,462 SF
Average Occupancy 95%
No. Stories 2
Year Built 1974

AMENITIES

UNIT AMENITIES

  • Kitchen
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower

SITE AMENITIES

  • 24 Hour Access
  • Tenant Controlled HVAC
  • Smoke Free
  • Walk-Up
  • Smoke Detector

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
2+1 30 - -
3+2 30 - -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
08-07-35-4-002-004-0010
Land Assessment
$6,416
Improvements Assessment
$685,408
Total Assessment
$691,824
  • Listing ID: 35863760

  • Date on Market: 5/14/2025

  • Last Updated:

  • Address: 704 Washington Chapel Terrace Court, Tuskegee, AL 36083

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}