Multifamily Apartment Portfolio
For Sale
Contact for pricing
2553 Lower Wetumpka Rd, Montgomery, AL 36110
Portfolio of six multifamily assets offered free and clear, totaling nearly 800 units in Alabama’s state capital.
Property SizeContact for details
Days on Market120
Property Features for 2553 Lower Wetumpka Rd
General Information
Standard status
Active
Property subtype
Multifamily
Listing Agency:
Marcus & Millichap - Birmingham
Listed By:
Josh Jacobs · License #AL
Source:
Crexi
Added: Apr 12
Changed: Aug 8
Last Checked: Jul 22 at 12:27PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Birmingham
Investment Insights
Based on property information with market context.
The Montgomery 795 portfolio is an apartment and multifamily offering consisting of six assets totaling nearly 800 units in Alabama’s state capital. The portfolio is being offered free and clear of existing debt, and each asset may be purchased individually or together as a package.
The address for the offering is 2553 Lower Wetumpka Rd, Montgomery, AL 36110. The remarks cite Hyundai Motor Company as a primary economic and employment driver in the market, noting Hyundai’s planned electric vehicle production in Montgomery beginning in 2022 as part of a $7.4 billion U.S. investment over the following four years.
For ownership, the offering is positioned to provide workforce housing at a multi-property scale through the six-asset structure, with the ability to pursue a single-property purchase or a consolidated portfolio acquisition.
The address for the offering is 2553 Lower Wetumpka Rd, Montgomery, AL 36110. The remarks cite Hyundai Motor Company as a primary economic and employment driver in the market, noting Hyundai’s planned electric vehicle production in Montgomery beginning in 2022 as part of a $7.4 billion U.S. investment over the following four years.
For ownership, the offering is positioned to provide workforce housing at a multi-property scale through the six-asset structure, with the ability to pursue a single-property purchase or a consolidated portfolio acquisition.
Key Highlights
- Portfolio of six multifamily assets in Alabama’s state capital, offered free and clear of existing debt
- Portfolio totals nearly 800 units across six assets
- Assets may be purchased individually or as a package
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
188
Businesses Nearby
Explore this area
Business Placement
Demographics for 36110, AL
11,492
Population
5,072
Households
2.3
Avg Household Size
38
Median Age
10%
College-Educated
77%
High-School Grad
29.5 sq mi
ZIP Area
390
Density / Sq Mi
$41,140
Median Household Income
$31,337
Median Earnings
$1,014
Median Rent
$81,200
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Portfolio of six multifamily assets offered free and clear, totaling nearly 800 units in Alabama’s state capital.
Where is this apartment building located?
The property is located at 2553 Lower Wetumpka Rd Montgomery, AL.
What are key features of this property?
This property features: Portfolio of six multifamily assets in Alabama’s state capital, offered free and clear of existing debt; Portfolio totals nearly 800 units across six assets; Assets may be purchased individually or as a package
