20 Massey Dr - Apartments FOR SALE


Phenix City, AL 36869
$3,200,000 USD
706-445-2300
20 Massey Dr, Phenix City, AL for Sale
$3,200,000 USD
Apartments - FOR SALE
1/10
null | Request Cap Rate

20 Massey Dr
Phenix City, AL 36869


HIGHLIGHTS

  • VALUE ADD
  • 12 homes finish, 8 under construction
  • 54 remaining pad ready sites
  • Additional 4 acre parcel with highway frontage included

OVERVIEW

This unique property features 20 tiny homes (12 completed, 8 Under construction), with infrastructure and plans in place for 54 additional units — offering significant upside potential for a developer to finish out and either sell or hold for steady cash flow. Each unit currently leases for $250–$265 per week. All utilities are already in place, streamlining future development and expansion. In addition to the residential component, the property includes a contiguous 4-acre parcel with valuable frontage on Highway 80, ideal for a complementary commercial use.

FOR SALE DETAILS

PRICE

$3,200,000 USD

PRICE/SF

$72 USD /SF

# OF UNITS

74

PRICE/UNIT

$43,243

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Southern Pines - Value Add Development

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

PARKING SPACES

-

LAND DETAILS

LAND ACRES

26.06 AC

LAND SF

1,135,300 SF

ZONING

O

APN/PARCEL ID

04 05 15 00 011 012.002

ASK ABOUT THIS PROPERTY

Franklin HarcourtSVN Fall Line Commercial AdvisorsMore Info
706-445-2300

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Franklin HarcourtSVN Fall Line Commercial AdvisorsMore Info
706-445-2300

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.