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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.
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.
Under $10K a door!!! You wont find a better deal this! Price just reduced for quick sale. 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. Each units needs aprox $2K to $6K in rehab to make it 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 aprox.$150K Download More info here (copy and paste in browser): 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 remodel
This is a portfolio of 61 residential homes located in the city of Montgomery, AL. All are in good locations, each having established rental history's.
8 unit apartments which are brick veneer construction. Desirable area near downtown Montgomery. The city is home to the only Hyundai caqr manufacturing plant in the United States. Great investment opportunity as this property is priced to sell! About to spend $35k on repairs and rehab at which time the price will increase to cover those costs! So hurry and purchase at this price before it goes to $250,000!
This is a residential portfolio of 10 assets in the historic neighborhood of Washington Park. Included in the portfolio are three (3) duplexes, three (3) homes, and four (4) residential lots. The majority of the assets are located along heavily traveled streets and have businesses located around them. They would make great business locations.
Old world charm including high ceilings, big rooms and huge windows that provide wonderful natural light. Up-to-date mechanicals for trouble-free ownership. And just-redone modern open concept interiors that will attract and retain quality tenants. Good ones already in place--management, too--so snag this investment now! Owner pays water/trash, tenants pay all other utilities.
Two quads with each large apartment having two bedrooms and one bath and approx 1000 square feet. Brick veneer construction. Property taxes an an unbelievable $773 annually! Only $65 a month in taxes for the entire 8 units!
2 bedroom 1 bath and a studio in the back for this duplex
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!