2201 Upper Wetumpka Rd - Apartments FOR SALE


Montgomery, AL 36107- Outer Central
$3,731,172 USD
773-251-7342
2201 Upper Wetumpka Rd, Montgomery, AL for Sale
$3,731,172 USD
Apartments - FOR SALE
1/7
null | Request Cap Rate

2201 Upper Wetumpka Rd
Montgomery, AL 36107
Outer Central


HIGHLIGHTS

  • Located in QCT
  • Opportunity to resyndicate
  • 100% LIHTC - in the extended period
  • QC Eligible

OVERVIEW

This well-maintained, 4-building garden-style community presents a compelling resyndication opportunity in the heart of Montgomery, Alabama. Comprising 65 Low-Income Housing Tax Credit (LIHTC) units, the property is currently operating in its extended-use period, offering investors the ability to re-enter the LIHTC program. Constructed in 1973, this classic low-rise/garden-style community has been well-maintained and offers a turn-key income stream from day one. The strategic unit mix of one-, two-, and three-bedroom residences serves a broad range of household sizes, with each unit thoughtfully configured to maximize natural light and interior space. B-2 zoning provides additional long-term flexibility and utility.

FOR SALE DETAILS

PRICE

$3,731,172 USD

PRICE/SF

$66 USD /SF

# OF UNITS

65

PRICE/UNIT

$57,403

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Brookview Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1973

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.92 AC

LAND SF

170,761 SF

ZONING

B-2

APN/PARCEL ID

10-03-05-4-004-036.000

ASK ABOUT THIS PROPERTY

Reid Bennett, CCIMSVN - Chicago CommercialMore Info
773-251-7342

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Reid Bennett, CCIMSVN - Chicago CommercialMore Info
773-251-7342

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