395 Felder Ave Montgomery, AL 36104-5636
- Apartment buildings
- 11,562 SF
- 0.71 lot acres
Current Use by Public Records
- Hansen Rick / Apartment Building
Property Details for 395 Felder Ave
- Year built
- 1965
- Lot size
- 0.71 lot acres
- Property size
- 11,562 SF
- Zone code
- R-60-S
- Property type
- Apartment buildings
- APN
- 10-04-19-2-012-029.000
- APU
- 1004192012029000
Description
This exceptional 31-unit apartment building, known as Flats on Felder, presents a compelling investment opportunity in Montgomery, Alabama's desirable Old Cloverdale Historic area. Priced at $2,185,000, this multifamily property boasts a remarkable 97% occupancy rate, demonstrating strong market demand and stable income generation. The property has undergone significant recent upgrades, enhancing its value and appeal. These improvements include a complete exterior repainting, resurfacing of the parking lot, and extensive interior unit renovations. Furthermore, the electrical systems have been updated, landscaping refreshed, and all HVAC units and hot water heaters replaced. This comprehensive revitalization has resulted in a stabilized property ready for immediate ownership. Its prime location within walking distance of Cloverdale's vibrant restaurants, bars, and shopping provides residents with unparalleled convenience and lifestyle benefits. The address is 395 Felder Ave, Montgomery, AL 36104, situated in Montgomery County. This property offers a rare blend of historic charm, modern amenities, and strong financial performance, making it an ideal addition to any investment portfolio. The property is classified as an apartment building and is currently operating at a high occupancy rate.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Montgomery
- County
- Montgomery
- State
- Alabama
- Longitude
- -86.3003
- Latitude
- 32.3575
- CBSA code
- 33860
- CBSA name
- MONTGOMERY, AL METROPOLITAN STATISTICAL AREA
