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Property profile & analytics
OFF-MARKET
Apartment buildings

4005 County Road 34 Centre, AL 35960

62,671 SF
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Apartment buildings
Total area 62,671 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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