2601 Cole St - Multi-Family FOR SALE


Tuskegee Institute, AL 36088
$750,000 USD
256-509-2078
2601 Cole St, Tuskegee Institute, AL for Sale
$750,000 USD
Multi-Family - FOR SALE
1/16
null | 9.37% Cap Rate

2601 Cole St
Tuskegee Institute, AL 36088


HIGHLIGHTS

  • Rare value add multifamily opportunity

OVERVIEW

Explore an exceptional investment opportunity with this multifamily property strategically located in Tuskegee, AL. This 14,210 SF building encompasses 24 mixed units, 16 two-bedroom one-bath units, 8 one-bedroom one-bath units, offering a valuable value-add opportunity. Built in 1986 and thoughtfully renovated in 2022, the property boasts a large 1.35-acre lot with ample parking. The property is being sold as is, presenting an enticing prospect for investors seeking the lowest price per door in Alabama. With its prime location and significant potential, this multifamily property sets the stage for a lucrative investment in the historic Tuskegee area.

FOR SALE DETAILS

PRICE

$750,000 USD

PRICE/SF

$53 USD /SF

# OF UNITS

24

PRICE/UNIT

$31,250

CAP RATE

9.37%

% LEASED

60%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Tuskegee Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

ADD'L SUBTYPES

Apartments, Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1986

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.35 AC

LAND SF

58,806 SF

ZONING

-

APN/PARCEL ID

1501021001039000

ASK ABOUT THIS PROPERTY

Len JohnsonGateway Alabama Realty Group, LLCMore Info
256-509-2078

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Len JohnsonGateway Alabama Realty Group, LLCMore Info
256-509-2078

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