4005 County Road 34 Centre, AL 35960

Property Details for 4005 County Road 34

Property size

62,671 SF

Property type

Apartment buildings

Description

This exceptional 60-unit apartment building, located at 4005 County Rd 34 in Centre, Alabama (zip code 35960), presents a compelling investment opportunity. The property boasts a total of 62,671 square feet and features an attractive mix of spacious two-bedroom units. A recent, comprehensive renovation program is complete, resulting in a significant increase in rental income, already approaching market rates. This major capital expenditure, including full rehabilitation, eliminates the need for immediate further investment, allowing for immediate cash flow and further potential rental growth. The property's prime location in Centre offers convenient access to key economic drivers and major transportation routes, ensuring strong tenant demand and ease of commuting. This turnkey investment is ready for immediate occupancy and income generation, offering a solid return on investment with significant upside potential. The property is situated in Cherokee County, Alabama, providing a stable and attractive market for multifamily investments. The completed renovations ensure a high-quality living experience for residents, contributing to long-term tenant retention and consistent rental income. This is a rare opportunity to acquire a well-maintained, high-performing apartment complex in a desirable location. The strong rental income, coupled with the completed renovations, makes this an ideal investment for those seeking immediate returns and long-term growth.

Location Insight

City

Centre

County

Cherokee

State

Alabama

Longitude

-85.5348

Latitude

34.1054