821 W Edgemont Ave - Multi-Family FOR SALE


Montgomery, AL 36105- Outer South/Airport
$1,260,000 USD
205-870-8580
821 W Edgemont Ave, Montgomery, AL for Sale
$1,260,000 USD
Multi-Family - FOR SALE
1/10
null | Request Cap Rate

821 W Edgemont Ave
Montgomery, AL 36105
Outer South/Airport


OVERVIEW

LAH Commercial Real Estate is pleased to present this 18 unit value add Multifamily property located in Montgomery, AL. All units are 870 SF, 3 Bedroom, 1 Bathroom, with W/D connections; 10 of the 18 units are occupied. 15 out of 18 units have been fully rehabbed, with 2 of the remaining units occupied by legacy tenants and 1 remaining unit in need of a full gut rehab. All rehabbed units come equipped with brand new finishes throughout, and all 4 buildings have new roofs, windows, and a well maintained parking lot. The value add lies within the current rents being under market and the opportunity to rent out the remaining vacancies while completing minor repairs on the remaining 3 units. Rental demand is high in the area and this unique unit mix provides a new prospective investor with ample opportunity for growth and strong cash flow.

FOR SALE DETAILS

PRICE

$1,260,000 USD

PRICE/SF

$81 USD /SF

# OF UNITS

18

PRICE/UNIT

$70,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

821 W Edgemont Ave

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1994

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.2 AC

LAND SF

52,272 SF

ZONING

-

APN/PARCEL ID

11-07-25-2-003-002.000

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.