Contacts
Steven Paulsen
Open Market CRE
Property Details
- Property Type Multi-Family
- Property Size 31,770 SF
- Units 23
- Lot Size 1 Acre
- Additional Rent Contact for pricing
- Property Tenancy Multi-Tenant
- Date Updated Nov 8, 2024
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Highlights
- Highly Aggressive Returns | Well Above Market
- Value Add Opportunity | Further Renovations Strategy
- Priced Well Below Replacement Value | $87 Per Sq Foot
- Attractive Day One Returns With Upside
- Fully Occupied Section 8 Voucher Rental Portfolio
- Tenants Maintain Lawn Service and Pest Control
- Montgomery Alabama is Capital City of Alabama
- Award Winning Chamber of Commerce | Great Place to do Business
- Strategic Ability to Sell Individually Into Historically Strong Single Family Market
- Alabama Historically Low Real Estate Tax State
- Notable Economic Drivers | Hyundai Plant, Maxwell-Gunter AF Base, META Data Center,
- State Capitol of Alabama, Alabama State University, Amazon, Alfa Insurance
Getting around
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Location
- City Montgomery, AL
- Neighborhood Downtown Montgomery
- Zip Code 36109
Points of Interest
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Circle K
0.30 miles
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BP
0.58 miles
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Exxon
0.60 miles
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Chevron
1.28 miles
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Blink
1.45 miles
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Citgo
1.76 miles
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Entec
2.03 miles
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Z-Tec
2.04 miles
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Murphy USA
2.06 miles
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Pacecar
2.08 miles
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One Commerce Street Parking
0.35 miles
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Chamber of Commerce Parking
0.37 miles
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Lot 5
7.56 miles
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Lot 1
7.64 miles
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DoubleTree by Hilton Hotel Montgomery Downtown
0.30 miles
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Staybridge Suites Montgomery - Downtown
0.42 miles
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SpringHill Suites
0.48 miles
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Renaissance Montgomery Hotel & Spa at the Convention Center
0.50 miles
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Embassy Suites Montgomery Hotel & Conference Center
0.60 miles
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Stay Lodge
1.99 miles
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Red Roof Inn Montgomery Midtown
2.20 miles
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Destiny Inn
3.31 miles
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America's Best Inns & Suites
3.74 miles
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Hilton Garden Inn Montgomery East
3.78 miles
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Walmart Supercenter
2.17 miles
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Base Exchange
2.86 miles
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Commissary
2.91 miles
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Walmart Neighborhood Market
2.93 miles
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ALDI
5.16 miles
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TJ Maxx
5.31 miles
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Eastdale Mall
5.82 miles
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Publix
7.63 miles
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Ross
7.73 miles
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Target
7.76 miles
In-Depth Research Available for this Property
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
Contact Listing Broker
Steven Paulsen
Open Market CRE