Search Results for 

2800 Montrose Avenue, Montgomery, AL

Welcome to SHOWCASE.COM, the Web's most comprehensive source of commercial property data, where you can search from 900,000 listings nationwide. To see more Commercial Real Estate listings, Office Space, Industrial Space, Retail Space, Commercial Land, Multi-Family or other commercial property types, just click the button to the right.
DetailMap
2800 Montrose Avenue

Montgomery, AL 36109-2005 - Outer East MF Submarket


Property Type:Multi-Family Number of Units:66 Status:Existing Year Built:-
Stories:1 Building Size:103,415 SF Land Area:-
For Sale Price:$6,300,000 Price/Unit:$95,454.55 Cap Rate:- GRM:-

Parking:-



Sale Notes:
This 66 home portfolio is located in three of the largest MSAs in Alabama; Birmingham, Montgomery, and Huntsville. Alabama boasts one of the top five highest potential single family returns in the nation according to Realtytrac.com at 78.4%. Alabama is projected to grow at a moderate 3 to 4 percent per year with the majority of growth in Huntsville. According to the Department of Numbers, Alabama rents are up 2.1% over the last year, while vacancy has decreased 0.65%. As a secondary real estate market, Alabama is known as a stable, high yield opportunity, which has attracted foreign and domestic investors in the current market cycle.The portfolio represents a strong bedroom and bathroom mix consisting of 66 total homes with an average year of construction of 1968 - All homes were recently acquired and renovated to 2017 standards. At a list price of $6,300,000 for the portfolio or $95,455 per unit, this portfolio provides an opportunity to purchase a stable opportunity below replacement costs.

Birmingham, Huntsville, and Montgomery Metro Areas


SVN Investment Sales Group
Mark Allen
(214) 206-9559




Share this listing

Copy and paste this HTML into your blog or web page:
<a href="http://www.showcase.com/property/2800-Montrose-Avenue/Montgomery/Alabama/10325382" target="_blank">2800 Montrose Avenue, Montgomery, AL - Commercial property</a>

Send Email
From:
To:
Subject:
Add a personalized message: (Optional)
Copyright © 1997-2017 CoStar Realty Information, Inc. All rights reserved.  |  About SHOWCASE.COM |  Advertise |  Site Map |  800-216-3234