Monroeville College Park Apartments
Multi-Family
for Sale
| Catylist Listing ID: |
30864020 |
| Property Subtypes: |
Low-Rise/Garden, Student Housing
|
| Number of Units: |
46 Units |
| Building Size (RSF): |
38,316 SF |
| Gross Land Area: |
8.10 Acres
|
| Sale Price: |
$1,300,000 |
| Unit Price: |
$28,260.87 Per Unit |
| In Opportunity Zone? |
Yes |
| Property Use Type: |
Investment |
| Building Name: |
College Park |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Average Occupancy Rate: |
73 |
| Last Updated: |
7/23/2024 |
Overview / Comments
|
Back on the Market and ready for offers. Southeast Commercial is pleased to offer this investment opportunity to own a 46 unit multi-family apartment located in an opportunity zone in Monroeville, Alabama. College Park contains 21 -One Bedroom units, 15 - Two Bedroom units, 8- Three Bedroom units, and 2 - Four Bedroom units. The complex is 73% occupied with a monthly gross income of $16,100. The complex is mostly leased as student housing to Coastal Community College students. Please do not disturb tenants. Contact the listing agent for more information.
|
Financials
| Finance Data Year |
2023 |
| Real Estate Taxes - Annual($) |
$14,818 (Annual) |
| Tax Value Land |
$86,670 |
| Tax Value Improvements |
$1,792,950 |
| Assessed Value - Total($) |
$1,879,620 (Annual) |
Additional Details
| Nearest MSA: |
Mobile |
| County: |
Monroe |
| Submarket Type: |
Other |
| Taxing Authority: |
Monroe County |
| Tax ID/APN: |
2107364000008000 |
| Zoning: |
R-4 |
| Percent Occupied: |
73% |
| Total Number of Buildings: |
23 |
| Number of Stories: |
1 |
| Year Built: |
1975 |
| Roof Type: |
Gable |
| Construction/Siding: |
Brick |
| Parking Type: |
Surface |
| Laundry: |
In Each Unit |
| Heat Source: |
Central |
| Zoning Description: |
R-4 |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
682 |
6,191 |
8,872 |
| Median Age: |
39.1 |
40.07 |
40.52 |
| Households: |
290 |
2,498 |
3,597 |
|
© Copyright 2024 Moody's. All Rights Reserved.
The information presented herein is provided as is, without warranty of any kind.
Neither Gulf Coast CMLS nor
Moody's assume any liability for errors or omissions.
|
