Available For Sale - Multifamily

31,770 SF | Show Pricing $

LISTED BY

Steven Paulsen
Open Market CRE, 561-929-4098

AVAILABILITY DETAILS

Size
31,770 SF
Price/SF
Show Pricing $
Listing ID
SA555678
Notes
Introducing the Capital City Residential Portfolio, an exceptional opportunity to acquire a strategically positioned and easily manageable collection of residential properties in the thriving Sun Belt city of Montgomery, Alabama. There are 23 total single family homes available in the offering with varying degrees of renovations upon Seller acquisition. Tenancy is voucher based with all lease agreements in place as annual.



Under current ownership, the portfolio is expertly managed through a local real estate office, ensuring a hands-on approach and attentive local management. This asset has been meticulously maintained with generous capital expenditures upon acquisition and stabilization efforts and is operating in a sound and efficient manner. There is an opportunity to further the renovation strategy to lift the properties and generate substantial increases in rental income.



Strategically situated in Montgomery, a city experiencing remarkable growth and embracing a new vision for economic prosperity and enhanced quality of life, the Capital City Residential Portfolio is ideally positioned. The city has implemented significant revitalization efforts to attract top talent and corporations alike. Residents and businesses are drawn to the State of Alabama's business-friendly climate with its low tax rates and favorable Sun Belt weather. Moreover, Montgomery benefits from its central location between major cities such as Atlanta, Birmingham, and Mobile, as well as its close proximity to the pristine beaches of the Gulf Coast. The presence of prominent manufacturers and distribution centers further strengthens the local economy and contributes to a high standard of living for its residents.



This offering presents an exceptional investment opportunity for groups seeking exposure to the Sun Belt region's traditionally favorable business environment, coupled with overall better weather conditions. The area is witnessing a steady influx of capital, increasing the demand for affordable housing options. The Capital City Residential Portfolio provides the advantage of economies of scale that out-of-area investors seek, including the option to hire a full management staff upon further acquisition of like kind SFR Portfolios available in the market. Consequently, this portfolio serves as an attractive acquisition target for institutional and private equity investors, both locally and nationally, who recognize the potential for long-term returns in this dynamic market.
Uses
Multifamily

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, Open Market CRE
BRE# BK3053136