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Downtown Lofts 2 Multifamily Properties Offered at $4,350,000 in Montgomery, AL
Investment Highlights
- Acquire three boutique loft communities in a single downtown investment opportunity.
- Prime Downtown Locations All three properties are located within approximately one mile of one another in the heart of Downtown Montgomery.
- Operational Efficiency Concentrated portfolio allows for streamlined management, leasing, and maintenance operations.
- Historic Adaptive Reuse Unique historic buildings featuring exposed brick, hardwood floors, oversized windows, and loft-style architecture
- Stabilized Cash Flow Income-producing assets offering immediate revenue with an established operating history.
- Premium Interior Finishes Modern kitchens, granite countertops, in-unit washers and dryers, private parking, and upscale resident amenities.
Executive Summary
$4,350,000 total ($2,500,000 – The Alps / $1,850,000 – Adams Ave Flats)
32 Units -20 Adams Ave Flats & 12 The Alps Lofts (4 Icehouse Lofts/ 8 Gun Store Lofts)
96.88% Occupied (31 of 32 Units) as of 5/18/2026
32 Units -20 Adams Ave Flats & 12 The Alps Lofts (4 Icehouse Lofts/ 8 Gun Store Lofts)
96.88% Occupied (31 of 32 Units) as of 5/18/2026
Property Facts
| Price | $4,350,000 | Number of Properties | 3 |
| Price / SF | $135.29 / SF | Individually For Sale | 0 |
| Cap Rate | 7.71% | Total Building Size | 32,153 SF |
| Sale Type | Investment | Total Land Area | 0.52 AC |
| Status | Active |
| Price | $4,350,000 |
| Price / SF | $135.29 / SF |
| Cap Rate | 7.71% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 32,153 SF |
| Total Land Area | 0.52 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Adams Avenue Lofts
500 Adams Ave, Montgomery, AL 36104 |
Multifamily | 23,000 SF | 2010 | - |
|
The Gun Store Lofts
241 N Court St, Montgomery, AL 36104 |
Multifamily | 9,153 SF | 1865 | - |
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Downtown Lofts