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Northwest Alabama Portfolio #1 12 Multifamily Properties Offered at $2,225,000 in Multiple Locations
INVESTMENT HIGHLIGHTS
- Excellent rental history
- Great locations with high rental demand
EXECUTIVE SUMMARY
Great investment opportunity in Northwest Alabama. 14 single family homes and 2 duplexes in the Florence and Muscle Shoals area. Gross annual rent $225,996, cap rate 7.5%. Most homes have been renovated within the past two years. Homes are in great locations with high rental demand. All properties including lease amount, bedroom/bath/square footage, parcel #, and legal description are listed on an attachment in the document section of this listing. To view properties a sales agreement contract must be signed with proof of funds received. Contract may be contingent on satisfactory showing. A 48 hour notice is required to tenants before showings, inspections, etc.
PROPERTY FACTS
| Price | $2,225,000 | Status | Active |
| Price / SF | $127.96 / SF | Number of Properties | 12 |
| Sale Condition | Bulk/Portfolio Sale | Individually For Sale | 0 |
| Cap Rate | 7.50% | Total Building Size | 17,388 SF |
| Sale Type | Investment | Total Land Area | 2.17 AC |
| Price | $2,225,000 |
| Price / SF | $127.96 / SF |
| Sale Condition | Bulk/Portfolio Sale |
| Cap Rate | 7.50% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 12 |
| Individually For Sale | 0 |
| Total Building Size | 17,388 SF |
| Total Land Area | 2.17 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 1320 Dayton St, Florence, AL 35630 | Multifamily | 2,048 SF | 1920 | - |
| 624 Howell St, Florence, AL 35630 | Multifamily | 1,794 SF | 1945 | - |
| 1508 Chisholm Rd, Florence, AL 35630 | Multifamily | 1,606 SF | 1948 | - |
| 1701 Marlborough Blvd, Florence, AL 35630 | Multifamily | 1,577 SF | 1964 | - |
| 1601 Ridge Ave, Florence, AL 35630 | Multifamily | 1,256 SF | 1956 | - |
| 211 Trade St, Florence, AL 35630 | Multifamily | 1,100 SF | 1946 | - |
| 425 W Tombigbee St, Florence, AL 35630 | Multifamily | 1,020 SF | 1925 | - |
| 128 N Franklin St, Florence, AL 35630 | Multifamily | 936 SF | 1980 | - |
| 3150 County Road 170, Killen, AL 35645 | Multifamily | 2,078 SF | 1990 | - |
| 1515 Fort Ave, Muscle Shoals, AL 35661 | Multifamily | 1,523 SF | 1970 | - |
| 1513 Fort Ave, Muscle Shoals, AL 35661 | Multifamily | 1,300 SF | 2003 | - |
| 508 W Pilgrim Ave, Muscle Shoals, AL 35661 | Multifamily | 1,149 SF | 1954 | - |
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Northwest Alabama Portfolio #1
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