HIGHLIGHTS
- Average unit size: ±900 SF | 96%+ Occupancy
- Latest Leases Achieving up to $975 | Unit Mix: All 2×1’s
- Current Average Rents: $812 (presenting 17% organic rental upside)
- Fresh paint, modern kitchen, updated bathrooms
- Over 50% of HVAC’s replaced & Low-Flow plumbing fixtures throughout.
- Easy access to I-20 and I-65 and less than a 10-minute drive to Birmingham-Shuttlesworth International Airport.
FOR SALE DETAILS
PRICE
$5,200,000 USD
PRICE/SF
$74 USD /SF
# OF UNITS
70
PRICE/UNIT
$74,286
CAP RATE
Request Cap Rate
% LEASED
99%
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
MAGNOLIA CREEK APARTMENTS
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Garden
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
1976
PARKING SPACES
76
LAND DETAILS
LAND ACRES
2.8 AC
LAND SF
121,968 SF
ZONING
CR6
APN/PARCEL ID
22-00-23-3-005-002.000
ASK ABOUT THIS PROPERTY
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918-809-5129
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918-809-5129
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