98-Unit Apartment
2301 Motes Rd Sylacauga, AL 35150
2301 Motes Rd, Sylacauga, AL, 35150
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2012-built 98-unit community with full water and electric submetering and recent interior/exterior renovations.
Days on Market37
Property Features for 2301 Motes Rd
General Information
- Standard status
- Active
- Property subtype
- Multifamily
Listing agency
Birmingham Office
(205) 510-9132
Listed by
Robert L. Escue · License #License(s): AL: 000132234 - 0
(205) 510-9132
Source
Marcusmillichap
Added: Jun 16 Updated: Jul 10 at 1:59PM Checked: Jul 21 at 3:06AM
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Investment Insights
Based on property information with market context.
Creekside Apartments is a 98-unit apartment community constructed in 2012. The property has undergone value-add improvements, including renovation of over half of the interior units with modern finishes, along with HVAC replacements, new roofs on two buildings, refreshed exterior paint, and landscaping improvements. A playground has also been added to support a family-oriented environment.
Creekside Apartments is located at 2301 Motes Rd in Sylacauga, Alabama. The community uses full submetering for both water and electric utilities, helping keep utility expense exposure controlled. Operationally, the property is described as currently sustaining 98% occupancy with virtually no past-due balances.
This offering is best suited for buyers seeking an established multifamily asset with recent capital work already in place and a tenant base reflected by strong collection performance. With interior and exterior renovations completed across multiple phases and ongoing utility expense management through submetering, the property presents a straightforward option for ownership of a stabilized, renovated apartment community.
Creekside Apartments is located at 2301 Motes Rd in Sylacauga, Alabama. The community uses full submetering for both water and electric utilities, helping keep utility expense exposure controlled. Operationally, the property is described as currently sustaining 98% occupancy with virtually no past-due balances.
This offering is best suited for buyers seeking an established multifamily asset with recent capital work already in place and a tenant base reflected by strong collection performance. With interior and exterior renovations completed across multiple phases and ongoing utility expense management through submetering, the property presents a straightforward option for ownership of a stabilized, renovated apartment community.
Key Highlights
- Creekside Apartments: 98‑unit multifamily community built in 2012 in Sylacauga, AL
- Currently 98% occupancy with virtually no past‑due balances reported
- Full submetering for both water and electric utilities helps keep utility expense load low
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FAQs
What type of property is this?
Apartment building - 2012-built 98-unit community with full water and electric submetering and recent interior/exterior renovations.
Where is this apartment building located?
The property is located at 2301 Motes Rd Sylacauga, AL.
What are key features of this property?
This property features: Creekside Apartments: 98‑unit multifamily community built in 2012 in Sylacauga, AL; Currently 98% occupancy with virtually no past‑due balances reported; Full submetering for both water and electric utilities helps keep utility expense load low