221 County Road 3320 - Multi-Family FOR SALE


Brundidge, AL 36010
$830,000 USD
205-870-8580
221 County Road 3320, Brundidge, AL for Sale
$830,000 USD
Multi-Family - FOR SALE
1/5
null | 8% Cap Rate

221 County Road 3320
Brundidge, AL 36010


HIGHLIGHTS

  • Situated in the fast growing Pike County, Alabama
  • Value-Add Multifamily Opportunity
  • Property is being offered at an attractive CAP Rate

OVERVIEW

LAH Commercial Real Estate is pleased to present this 16-unit value add multifamily opportunity, situated in the fast growing Pike County, Alabama, and is located just 16 minutes from the campus of Troy University. This property consists of four 3BR/1BA units and twelve 2BR/1BA units, with an on-site coin operated laundry facility in place. 13 of the 16 units have been rehabbed and rented, leaving 3 units in need of moderate rehab, thus providing a value-add opportunity for a new prospective investor; current rents are also slightly under market leaving meat on the bone in that value-add regard. Property operates on a thoroughly maintained well and septic system. All utilities are separately metered, and all units have central heat and air. The surrounding area is ± 2 miles from the Walmart Distribution Center and the Southern Classic Food Center as well as less than 20 minutes from all major employers in Troy, AL. Property is being offered at an attractive CAP Rate; call Broker for additional details.

FOR SALE DETAILS

PRICE

$830,000 USD

PRICE/SF

$122 USD /SF

# OF UNITS

16

PRICE/UNIT

$51,875

CAP RATE

8%

% LEASED

81%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

221 County Road 3320

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2002

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

2302-1000000-160010

ASK ABOUT THIS PROPERTY

Alex KyriazisLAH Commercial Real EstateMore Info
205-870-8580

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Alex KyriazisLAH Commercial Real EstateMore Info
205-870-8580

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