445 Co Rd Killen, AL 35645

This exceptional investment opportunity presents Center Star Village Apartments, a well-maintained multifamily property located in Killen, Alabama. The property boasts a desirable 6.93% capitalization rate, generating a strong Net Operating Income (NOI) of $99,648. Comprising two one-story buildings constructed in 1990, the complex offers a total of 18 apartment units and a substantial 16,000 square feet of net rentable space. Situated on Co Rd 445 in Lauderdale County, Alabama, zip code 35645 (34.8576544, -87.4477908), this property presents a compelling investment prospect for those seeking a stable and profitable addition to their portfolio. The property's strong performance metrics, combined with its convenient location, make it an attractive option for both seasoned investors and those new to the multifamily market. The 18 units provide a solid foundation for rental income, and the existing infrastructure offers potential for further value enhancement through strategic improvements or upgrades. The property's solid history and current performance make it a low-risk, high-reward investment opportunity. The asking price is $1,028,000. This is a turnkey operation ready for immediate income generation. Serious inquiries are encouraged.