FORT PAYNE & CENTRE APARTMENTS

2 Multifamily Properties Offered at $5,400,000 in Multiple Locations

INVESTMENT HIGHLIGHTS

  • Attractive unit mix of spacious 2-bedroom units.
  • Completed with a full rehab, allowing an investor to take advantage of the immediate cash flow and further rental upside.
  • Proven rental upside with current renovation model, already achieving rental increases close to market rate for both assets.
  • Located in a prime location in proximity to major economic drivers within Fort Payne & Centre

EXECUTIVE SUMMARY

Kyle Matthews
License No. 000110253 - 0 (AL)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203

PROPERTY FACTS

Price $5,400,000
Price / SF $47.10 / SF
Cap Rate 8%
Sale Type Investment
Status Active
Number of Properties 2
Individually For Sale 0
Total Building Size 114,642 SF
Total Land Area 5.85 AC

PROPERTIES

PROPERTY NAME / ADDRESS PROPERTY TYPE SIZE YEAR BUILT INDIVIDUAL PRICE
4005 County Road 34, Centre, AL 35960 Multifamily 62,671 SF 2010 -
Payne Apartments
200 45th St NE, Fort Payne, AL 35967
Multifamily 51,971 SF 1978 -
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  • Listing ID: 34481452

  • Date on Market: 1/14/2025

  • Last Updated:

  • Address: FORT PAYNE & CENTRE APARTMENTS, Centre, AL