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1011 Midland Avenue - Brookfield Apartment Homes, Muscle Shoals, AL

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1011 Midland Avenue - Brookfield Apartment Homes

Muscle Shoals, AL 35661-1837

Property Type:Multi-Family Number of Units:48 Status:Existing Year Built:1969
Stories:2 Building Size:50,000 SF Land Area:4 AC (174,240 SF)
For Sale Price:$3,050,000 Price/Unit:$63,541.67 Cap Rate:7.00 % GRM:-

Parking:4 Parking Spaces / 1,000 SF

Sale Notes:
48 2 bedroom 1 and 1/2 bath units. 6 buildings with 8 units in each. Each building is 7,500sqft. Laundry facility and on site office both rennovated! two 5,000 sqft shop areas. property is partially rennovated. 5 units have been gutted and everything replaced including plumbing. All windows and central units are new. Roofs appx 5 years old. I estimate another $475K to finish the units and make them like new.

Located in the heart of Muscle Shoals!

Knight & Humphries Inc
Kevin Knight
(256) 766-6992

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