72-Unit Apartment
640 Greenview St Albertville, AL 35950
For Sale
Contact for pricing
Pending
Built in 1986, this 72-unit complex is operating with 100% occupancy and a waiting list.
Days on Market105
Property Features for 640 Greenview St
General Information
- Standard status
- Pending
- Property subtype
- Multifamily
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 23 at 6:48PM
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
Location Intelligence
Current Use by Public Records
Pine Ridge Apartments
Apartment Complex
FAQs
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.
