LAH Commercial Real Estate is pleased to present this 44-unit value-add multifamily opportunity located in Vernon, AL, the County Seat of Lamar County, Alabama.
This portfolio consists of 17 duplexes, 1 vacant concrete slab (former duplex), and a 10-unit multifamily building all within the same immediate area, to be sold together.
This portfolio has had a very limited number of owners in years past thus showing sustainability.
The unit breakdown consists as follows: 10 2BR/1.5BA units (multifamily building), 19 2BR/1BA units, 13 1BR/1BA units, and 2 3BR/1BA units.
All utilities are individually metered for each unit. The landlord pays taxes, insurance, common area power and utilities in vacant units that they rehab, lawn care, advertising, maintenance, and a local on-site property manager.
All units have central heating and window unit air.
This opportunity provides a large scale for prospective investors to work with, as rents are very well under market and have not been raised in a number of years; demand for rental housing in the area is very strong and supply is very low, thus providing another strong value-add component for prospective investors to corner a large portion of this rental market.
Contact broker for additional details.