72-Unit Apartment
For Sale
Contact for pricing
Pending
640 Greenview St, Albertville, AL 35950
Built in 1986, this 72-unit complex is operating with 100% occupancy and a waiting list.
Days on Market111
Property Features for 640 Greenview St
General Information
Standard status
Pending
Property subtype
Multifamily
Occupancy
100%
Additional Details
Multifamily Units
72
Building Details
Year Built
1986
Listing Agency:
SVN | AVAT Realty, LLC
(256) 476-0134
Listed By:
Paul McDonald · License #AL
Source:
Crexi
Added: Apr 11
Changed: Jul 23
Last Checked: Jul 30 at 3:45PM
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 SVN | AVAT Realty, LLC
Investment Insights
Based on property information with market context.
Pine Ridge Apartments is a 72-unit apartment complex built in 1986, located in Albertville, Alabama. The property is described as being in strong, stable operating condition, with 100% occupancy and an active waiting list. Approximately 70% of the units are 2-bedroom layouts, and the asset has reported 97% occupancy for years.
The seller notes renovations have been completed over the last four years, though specific renovation items are not listed in the provided remarks. The property also highlights planned or implemented outdoor improvements, including a pet park and an outdoor community area, along with renovations to the playground.
According to the seller’s remarks, these amenities and upgrades could support an effective 5% rent increase, translating to an additional $21,600 in annual rental revenue, with little to no maintenance required. The offering is for sale.
The seller notes renovations have been completed over the last four years, though specific renovation items are not listed in the provided remarks. The property also highlights planned or implemented outdoor improvements, including a pet park and an outdoor community area, along with renovations to the playground.
According to the seller’s remarks, these amenities and upgrades could support an effective 5% rent increase, translating to an additional $21,600 in annual rental revenue, with little to no maintenance required. The offering is for sale.
Key Highlights
- Pine Ridge Apartments is a 72‑unit apartment complex built in 1986 in Albertville, Alabama.
- Currently 100% occupancy with a waiting list.
- Unit mix: roughly 70% of the units are 2‑bedroom apartments.
Property Analytics
Current Use
Lease Details
72
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
260
Businesses Nearby
Explore this area
Business Placement
Demographics for 35950, AL
22,239
Population
7,762
Households
2.9
Avg Household Size
33
Median Age
19%
College-Educated
79%
High-School Grad
43.2 sq mi
ZIP Area
515
Density / Sq Mi
$56,457
Median Household Income
$35,450
Median Earnings
$808
Median Rent
$149,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Built in 1986, this 72-unit complex is operating with 100% occupancy and a waiting list.
Where is this apartment building located?
The property is located at 640 Greenview St Albertville, AL.
What are key features of this property?
This property features: Pine Ridge Apartments is a 72‑unit apartment complex built in 1986 in Albertville, Alabama.; Currently 100% occupancy with a waiting list.; Unit mix: roughly 70% of the units are 2‑bedroom apartments.
