1201 Tremont Street | 1201 Tremont St
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1201 Tremont Street 1201 Tremont St
10 Unit Apartment Building $150,000 ($15,000/Unit) Selma, AL 36701
Executive Summary
-LAH Commercial Real Estate is pleased to present this 10 unit value add Multifamily redevelopment opportunity located in Selma, AL just 4 minutes from the downtown business district.
-This property consists of 10 units total; 8 of which are 2 bedroom 1 bath and 2 of which are 3 bedroom 1 bath, all with W/D connections.
-Current owner has fully rehabbed 2 units; the other 8 are in need of extensive rehabbing (wiring, appliances, flooring, paint, etc.). Property is also in need of CAPEX (roof & HVAC units).
-Current owner is offering Seller Financing on this project, thus giving investors the opportunity to place more capital into this project.
-Rental demand is very high in this area and section 8 has already stated they would rent these stabilized units for $700-$800+.
-Call Broker for more details regarding the property.
-This property consists of 10 units total; 8 of which are 2 bedroom 1 bath and 2 of which are 3 bedroom 1 bath, all with W/D connections.
-Current owner has fully rehabbed 2 units; the other 8 are in need of extensive rehabbing (wiring, appliances, flooring, paint, etc.). Property is also in need of CAPEX (roof & HVAC units).
-Current owner is offering Seller Financing on this project, thus giving investors the opportunity to place more capital into this project.
-Rental demand is very high in this area and section 8 has already stated they would rent these stabilized units for $700-$800+.
-Call Broker for more details regarding the property.
Property Facts
Price | $150,000 | Apartment Style | Low Rise |
Price Per Unit | $15,000 | Building Class | C |
Sale Type | Investment | Building Size | 2,000 SF |
No. Units | 10 | No. Stories | 2 |
Property Type | Multifamily | Year Built | 1989 |
Property Subtype | Apartment |
Price | $150,000 |
Price Per Unit | $15,000 |
Sale Type | Investment |
No. Units | 10 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Low Rise |
Building Class | C |
Building Size | 2,000 SF |
No. Stories | 2 |
Year Built | 1989 |
Unit Amenities
- Air Conditioning
- Washer/Dryer Hookup
- Heating
- Kitchen
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
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Bike Score ®
Very Bikeable (70)
PROPERTY TAXES
Parcel Number | 11-07-25-3-003-021.0000 | Improvements Assessment | $0 |
Land Assessment | $0 | Total Assessment | $14,140 |
PROPERTY TAXES
Parcel Number
11-07-25-3-003-021.0000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$14,140
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1201 Tremont Street | 1201 Tremont St
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