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131 S Capitol Pky - Ala Holdings Montgomery SFR Portfolio

1,869 SF Specialty Building Offered at $4,428,500 at a 7.98% Cap Rate in Montgomery, AL 36107

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Investment Highlights

Attractive Assumable Debt | 4.53%
Centrally Located Portfolio
Strategic Ability to Sell Individually Into Historically Strong Single Family Market

Value Add Opportunity via Rent Raise and Renovation Program
Rental Income Loss to Lease | 14.57%
Notable Economic Drivers | Hyundai Plant, Maxwell-Gunter AF Base

Executive Summary

Priced Well Below Replacement Cost at $66 Per Square Foot
Value Add Opportunity via Rent Raise and Renovation Program
Centrally Located Portfolio For Easier Management
Attractive Assumable Debt | 4.53%
Cap Rate: 7.98% on Current | Pro Forma 10.2%
Cash on Cash: 8.92% on Current | Pro Forma 12.64%
Total Return: 10.4% on Current | Pro Forma 14.1%
Rental Income Loss to Lease | 14.57%
Strategic Ability to Sell Individually Into Historically Strong Single Family Market
Notable Economic Drivers | Hyundai Plant, Maxwell-Gunter AF Base,
State Capitol of Alabama, Alabama State University, Amazon, Alfa Insurance

Ala Homes SFR Portfolio AD OM

Ala Homes Property List

Property Facts

Price	$4,428,500	Building Class	C
Price Per SF	$2,369	Lot Size	0.27 AC
Sale Type	Investment	Building Size	1,869 SF
Cap Rate	7.98%	No. Stories	1
Property Type	Specialty	Year Built	1955
Property Subtype	Residential Income Multifamily Apartments	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	$4,428,500
Price Per SF	$2,369
Sale Type	Investment
Cap Rate	7.98%
Property Type	Specialty
Property Subtype	Residential Income Multifamily Apartments
Building Class	C
Lot Size	0.27 AC
Building Size	1,869 SF
No. Stories	1
Year Built	1955
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.