Multifamily Portfolio with 187
For Sale
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516 E Glenn Ave, Auburn, AL 36830
Three multifamily communities totaling 187 units, delivered 100% occupied with $300,000+ capital infusion to exteriors and interiors.
Property SizeContact for details
Days on Market119
Property Features for 516 E Glenn Ave
General Information
Standard status
Active
Property subtype
Multifamily
Occupancy
100%
Additional Details
Multifamily Units
187
Building Details
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Birmingham
Listed By:
Josh Jacobs · License #AL
Source:
Crexi
Added: Apr 13
Changed: Aug 8
Last Checked: Jul 22 at 9:54PM
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.
Auburn Three Portfolio offers three multifamily communities totaling 187 units, currently 100% occupied. The properties are identified as the Summit communities (Glenn, Dean, Ross). Recent capital improvements include a combined $300,000+ injected across both exteriors and interiors in recent years.
The communities are located in Auburn, Alabama, in close proximity to Auburn University. The remarks cite Auburn University as the region’s largest employer at over 5,000 and note enrollment in excess of 31,000 students, along with an economic impact north of $5.5 billion for the state of Alabama.
As presented, the portfolio has benefited from its recent exterior and interior updates and continues to offer an established occupancy profile for an investor seeking multifamily income-producing assets within the Auburn market.
The communities are located in Auburn, Alabama, in close proximity to Auburn University. The remarks cite Auburn University as the region’s largest employer at over 5,000 and note enrollment in excess of 31,000 students, along with an economic impact north of $5.5 billion for the state of Alabama.
As presented, the portfolio has benefited from its recent exterior and interior updates and continues to offer an established occupancy profile for an investor seeking multifamily income-producing assets within the Auburn market.
Key Highlights
- Auburn Three Portfolio includes 3 multifamily communities totaling 187 units in Auburn, AL.
- Portfolio is delivered 100% occupied.
- Recent capital infusion totaling $300,000+ invested across exteriors and interiors across the portfolio.
Property Analytics
Current Use
Lease Details
187
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
384
Businesses Nearby
Explore this area
Business Placement
Demographics for 36830, AL
47,543
Population
23,146
Households
2.1
Avg Household Size
30
Median Age
63%
College-Educated
96%
High-School Grad
109.5 sq mi
ZIP Area
434
Density / Sq Mi
$63,761
Median Household Income
$37,414
Median Earnings
$1,033
Median Rent
$346,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Three multifamily communities totaling 187 units, delivered 100% occupied with $300,000+ capital infusion to exteriors and interiors.
Where is this multifamily property located?
The property is located at 516 E Glenn Ave Auburn, AL.
What are key features of this property?
This property features: Auburn Three Portfolio includes 3 multifamily communities totaling 187 units in Auburn, AL.; Portfolio is delivered 100% occupied.; Recent capital infusion totaling $300,000+ invested across exteriors and interiors across the portfolio.
