1217 Federal Drive, Montgomery, AL 36107 - Property for Sale
Available For Sale - Multifamily
18,505 SF
|
Show Pricing $
View Photos (1)
AVAILABILITY DETAILS
- Size
- 18,505 SF
- Price/SF
-
Show Pricing $
- Listing ID
- SA512196
- Notes
- The Montgomery Residential Portfolio is a rare opportunity to acquire a very centrally located and easy to manage portfolio of residential properties in the growing Sun Belt city of Montgomery, Alabama. The portfolio represents a mix of single family and multifamily residential properties for this Capitol city of Alabama.
Current ownership self manages with local boots on the ground by way of a family partnership structure. This very well managed asset has been acquired over many years and is operationally sound with plenty of opportunity to push renovations and increase the rent roll in a meaningful way. Management utilizes maintenance staff and third party vendors for all service needs of the portfolio. They currently offer unique tenant incentives and maintenance programs that assist in retention efforts that may add value to new ownership.
The Montgomery Residential Portfolio is perfectly positioned as a city of growth with a new vision for economic prosperity and quality of life improvements. There are major revitalization efforts in place to continue attracting top talent and companies alike. Residents and large corporations are attracted to the State of Alabama's pro business climate of low taxes and Sun Belt weather. Montgomery is situated right in between the major cities of Atlanta, Birmingham, Mobile and the pristine beaches of the Gulf Coast. There are major manufacturers and distribution centers as local economic drivers that help support a high quality of life for its' residents.
This offering represents a wonderful investment opportunity for groups looking for exposure to the typically pro business environment that the Sun Belt region offers along with better weather overall. There is more and more capital migrating to this climate with a need for good affordable housing for area residents. With ultimate flexibility, the Montgomery Residential Portfolio has the economies of scale that out of area investors look for including the ability to hire a full management staff. This portfolio should serve well as an acquisition target for institutional and private equity investors locally, regionally and nationally!
- Uses
- Multifamily
Other Availability in this Property
| Space/Suite | Square Feet | Type | Uses | Asking Rent/Price | ||
|---|---|---|---|---|---|---|
| 18,505 SF | Sale | Multifamily | Show Pricing $ | chevron_right | ||
| 18,505 SF | Sale | Multifamily | Show Pricing $ | chevron_right | ||
| 18,505 SF | Sale | Multifamily | Show Pricing $ | chevron_right |
This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.
Listing provided courtesy of
Steven Paulsen, SVN | Commercial Partners
BRE# BK3053136
Steven Paulsen, SVN | Commercial Partners
BRE# BK3053136
