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MOTIVATED SELLER......PRICE JUST REDUCED BY $500,000. Marcus & Millichap is pleased to exclusively present The Rockingham Manor Apartments which are a 106-unit apartment community located in Montgomery, Alabama. The property, which is situated on nine acres of land, was constructed in 1960 and is comprised of an excellent unit mix consisting of 33 one-bedroom/one-bath, 49 two-bedroom/one-bath, four two-bedroom/one-and-a-half bath, two three-bedroom/one-and-a-half bath, and 18 three-bedroom/two-bath units. The features an on-site leasing office, ample tenant parking, lush landscaping, and central air conditioning. BUYER TO VERIFY BUILDING SQUARE FOOTAGE.
The notable Hilltop Arms is a, 9-story, 86,500 square foot Former Apartment complex located in Downtown Montgomery, Alabama in the Historic Cottage Hills Neighborhood and Five Points. Hilltop Arms sits high atop, overlooking Downtown, offering beautiful views of the City' s Skyline and Riverfront. The 1950' s construction is just blocks away from Montgomery' s Downtown Entertainment District and minutes from Maxwell Air Force Base. The building currently sits un-occupied and needs extensive renovations. Today, Montgomery is well-known for its revitalization and redevelopment of Downtown and the Riverfront. More than 30,000 people work in the Central Business District. The city of Montgomery is currently in need of hundreds of housing units in Downtown. The demand is tremendous.
Camelot is a highly visible property near Montgomery Mall. It has enjoyed great success over its lifetime. The market area of this property has endured some stress in recent years, but there is activity at the Montgomery Mall, which could greatly improve the surrounding area. Camelot can be a good growth opportunity should the Montgomery Mall area continue to improve.
Great value play opportunity to acquire this all concrete garden style 24 unit apartment complex that consist of 6 separate four unit buildings on two separate touching lots. Download More info here: http://www.cashflowmonsters.com/fairwest-place-apartments-remodel-opportunity-huge-cash-flow/brochure_pages_v3-26-15_complete/ All units are 2 bed/ 1 bath units and tenants will pay electricity, water and gas. The property is expected to generate $172,000 in gross income annually and $145,000 net profit annually after the reodel Each units needs aprox $2K to $6K to make rent ready but can completed in groups of 4 units at a time so you can see cash flow quickly. Complete 24 units expected to be completed for less than $125 to $150K
Montgomery Triplex, all units are 2 bedroom 2 bath. Property was recently painted and new flooring was installed. Property is tax accessed at $180,000 with yearly taxes of $1200.00 Each unit has small back yard with attached storage and covered patios
Fourteen (14) townhouses. Rental property. Estimated annual Net Operating Income: +/- $67,500.00.
6 unit brick apartment building with lots of upside potential. rents are pro rata. Sacrifice price for this 6 unit apartment! Incredibly low price for this 6 unit apartment building. PRICE WAS $250,000! REDUCED FOR QUICK SALE BY ALMOST $125,000! Close to the Hyundai car manufacturing plant, the only one in the United States. Also very close to shopping, churches and schools. Montgomery is the capital of Alabama and also home to Maxwell Air Force Base. Downtown Montgomery is the home of the Montgomery Biscuits AA baseball team, a minor league for the Tampa Bay team. The units need some work but at this price there is a lot of income to be made. Montgomery was named the number one historical city in the nation!
Charming triplex apartment building in great condition that stays leased. For income and expense information, contact agent.
Price Upon Req.373,520 SF
INVESTMENT OVERVIEW Cyprus Court and Olympia Heights, both built in 1972, offer an excellent investment opportunity to acquire two adjacent properties with tremendous upside potential in Montgomery, AL. The portfolio consists of 378 units. CYPRUS COURT | STABLE CASH FLOW OPPORTUNITY Cyprus Court is a stable, cash flowing asset. Between 2013 and 2014, revenue grew by 7% and economic occupancy increased from 85% to 90%. New ownership will enjoy existing cash flow, focus on cutting costs, retain tenants, and strategically increase rents. CYPRUS COURT | VALUE-ADD OPPORTUNITY Rents at the property lag the average market rents in the area by $45. Interior and exterior upgrades such as new floors, refinished counters, painted cabinets, and cosmetic improvements to the grounds could justify rent premiums at the property. A modest capital improvement campaign could justify rent premiums of $50 for each unit type.
Avignon Terrace is located near the rapidly developing central business district in downtown Montgomery. It has been recently remodeled and enjoys good occupancy. It is near the downtown Alley, the Performing Arts Center, and Biscuits Baseball! With Montgomery' s future growing downtown, Avignon Terrace will be able to take advantage of the CBD' s growing demand.