Lockwood Ct Montgomery, AL 36111
PUD Planned Unit Development Classes of structures permitted: Single-family dwellings. Residential structures containing two, three, or four family units. Apartments for any number of families. Townhouses. Classes of structures permitted with specific recommendation of the planning commission: Restaurants; stores selling food, general merchandise, apparel, f…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
PUD · Montgomery, ALPUD Planned Unit Development Classes of structures permitted: Single-family dwellings. Residential structures containing two, three, or four family units. Apartments for any number of families. Townhouses. Classes of structures permitted with specific recommendation of the planning commission: Restaurants; stores selling food, general merchandise, apparel, furniture, houseware and household wares, drugs and sundries, jewelry, gift items, flowers, sporting goods, and similar types; small dry cleaning and laundry pick-up stations, barber and beauty shops, shoe repair, banks, post offices, offices, and similar services. Lodges and clubs, not operated for profit. Business or professional offices, public buildings, hospitals for humans, veterinary offices and/or hospitals, nursing homes. Nurseries or kindergartens. Classes of uses permitted on appeal: Due to the flexibility and range of authority granted the planning commission in the review and approval of planned unit developments and as planned unit developments are to be developed in accordance with a unified, comprehensive plan that shall provide for all appropriate uses and structures, in planned unit development districts the powers of the board of adjustment shall be limited to the granting of variances as to yard and height requirements and signs where permitted, and shall not include the power to grant special exceptions. Classes of structures or uses prohibited: Any commercial, industrial, or agricultural use not specifically permitted by the planning commission when granting final approval of PUD. Mobile dwellings. Minimum area: The minimum area required to qualify for a PUD district shall be not less than 15 contiguous acres of land. Ownership: The tract of land for a PUD must be either in one ownership or the subject of an application filed jointly by the owners of all the properties included (the holder of a written option to purchase land shall, for purposes of such application, be deemed to be an owner of such land). Location of PUD district: This district shall be applicable to any area of the city or the police jurisdiction thereof where the applicant can demonstrate that the characteristics of his holdings will meet the objectives of the PUD district as stated in article VI of this ordinance. Land use and density: Because land is used more efficiently in PUD Districts, improved environmental quality can often be produced with greater number of dwelling units per net acre than usually permitted in traditionally zoned residential districts.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.