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University Terrace Apartments 704 Washington Chapel Terrace Court 60 Unit Apartment Building $3,900,000 ($65,000/Unit) Tuskegee, AL 36083
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 | Building Class | C |
| Price Per Unit | $65,000 | Lot Size | 6.57 AC |
| Sale Type | Investment | Building Size | 67,462 SF |
| No. Units | 60 | Average Occupancy | 95% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1974 |
| Apartment Style | Garden |
| 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 | - | - |
1 1
Property Taxes
| Parcel Number | 08-07-35-4-002-004-0010 | Improvements Assessment | $685,408 |
| Land Assessment | $6,416 | Total Assessment | $691,824 |
Property Taxes
Parcel Number
08-07-35-4-002-004-0010
Land Assessment
$6,416
Improvements Assessment
$685,408
Total Assessment
$691,824
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University Terrace Apartments | 704 Washington Chapel Terrace Court
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