Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1982
Sq.Footage
14,000
This well-maintained 36-unit property features 31-1beds, 4-2beds, and 1 commercial space. The asset has undergone major capital improvements in the last few years, including a new roof, new siding, and electrical upgrades, delivering true peace of mind for the next owner. With these significant updates completed, this is a low-maintenance, turnkey investment. The property is currently operating at an impressive 10% cap rate with stable operations, low vacancy, and strong cash flow. Rental demand remains consistent while the commercial space is a prime opportunity to add additional income. This asset offers both immediate and returns and future upside potential.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Above Grade Finished Area
14000.0
-
Basement YN
NO
-
Cooling YN
YES
-
Cooling
Electric, Wall Unit(s)
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Electric, Forced Air
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Vinyl Siding
-
Parking
Open, Parking Lot
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
2.93
-
Property Type
Residential Income
-
Property Sub Type
Multi Family
-
Architectural Style
Apartment Style
Price
-
Sales Price
$2,700,000
-
Tax Amount
$23,266
-
Sq. Footage
14, 000
-
Price/SqFt
$192
HOA
-
Association
No
School District
-
Elementary School
Montgomery City Elem.
-
Middle School
Montgomery Co. Middle
-
High School
Montgomery Co. High
Property Features
-
Ownership
Private
-
Senior Community YN
NO
-
Water Source
Public
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Location
County
Montgomery
Elementary School
Montgomery City Elem.
Middle School
Montgomery Co. Middle
High School
Montgomery Co. High
Listing Courtesy of James Anderson , Salient Realty Group, LLC
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