Individually Owned Property summary
Exceptional investment opportunity in Montgomery, Alabama, presents a rare chance to acquire a thriving three-building, six-unit apartment complex ideally situated near Jackson and Baptist Jackson Hospitals. Built in 2005 and extensively renovated in 2022, this property boasts premium interior and exterior finishes, attracting high-demand tenants, particularly nurses and medical professionals. Its location ensures consistently high occupancy rates, often exceeding 100% with a waiting list. The property commands above-market rents, generating substantial annual rental income projected at $230,000 at full occupancy, resulting in a CAP rate just below 8%. Each unit includes in-unit washer/dryer and designer furnishings. The property's remote management capabilities, featuring smart technology like Wi-Fi connected locks and smart thermostats, streamline operations and tenant interactions. This turnkey investment is offered fully furnished, providing immediate income generation and a seamless transition for new ownership. The property's strong performance and high demand make it an exceptional addition to any investment portfolio. Located at 1712 Rhodes St, Montgomery, AL 36106.
Property profile
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Location
Value estimations
Owner & transaction history
Zoning & alternative use
The purpose of the Special District-Medical (SD-M) is to identify and protect areas within the City to allow for efficient and necessary expansion of medical facilities to meet future needs of area residents.
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
SD-M · Montgomery, ALThe purpose of the Special District-Medical (SD-M) is to identify and protect areas within the City to allow for efficient and necessary expansion of medical facilities to meet future needs of area residents.
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
The purpose of the Special District-Medical (SD-M) is to identify and protect areas within the City to allow for efficient and necessary expansion of medical facilities to meet future needs of area residents.
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for SD-M in Montgomery, AL.
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