400 Martin Luther King Jr Pky | Phenix City, AL 36869
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400 Martin Luther King Jr Pky
Phenix City, AL 36869
Eagles Landing Apartments · Multifamily Property For Sale · 72 Units
INVESTMENT HIGHLIGHTS
- Well below market on rent
- Grand entrance on the main thoroughfare
- Nearest property is 10% higher on rents
- Maintains strong occupancy and a waiting list
- New windows
- Property needs only $500,000 in renovations to bring rents to market or even above market
PROPERTY FACTS
| No. Units | 72 | Lot Size | 4.62 AC |
| Property Type | Multifamily | Building Size | 70,000 SF |
| Property Subtype | Apartment | Average Occupancy | 92% |
| Apartment Style | Garden | No. Stories | 2 |
| Building Class | C | Year Built | 1978 |
| No. Units | 72 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 4.62 AC |
| Building Size | 70,000 SF |
| Average Occupancy | 92% |
| No. Stories | 2 |
| Year Built | 1978 |
UNIT AMENITIES
- Balcony
- Dishwasher
- Disposal
- Washer/Dryer Hookup
- Ceiling Fans
- Kitchen
- Refrigerator
- Freezer
- Patio
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 16 | $472.50 | 775 |
| 2+1 | 56 | $560.00 | 900 |
PROPERTY TAXES
| Parcel Number | 05-05-22-03-001-001.002 | Improvements Assessment | $805,000 |
| Land Assessment | $19,940 | Total Assessment | $824,940 |
PROPERTY TAXES
Parcel Number
05-05-22-03-001-001.002
Land Assessment
$19,940
Improvements Assessment
$805,000
Total Assessment
$824,940
ZONING
| Zoning Code | O |
| O |
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