Rare opportunity to acquire a 17-unit apartment complex with substantial upside through lease-up, rent growth, utility reimbursements, and operational improvements. With renovation work largely completed and professional management already in place, investors can focus on stabilization and increasing NOI.
Property Overview:
17-Unit Apartment Complex
Montgomery, Alabama
Majority of renovations completed
Professionally managed asset
Strong rental market location
Asking Price: $1,299,000
Current Performance:
13 Units Occupied
4 Units Vacant and Currently Being Turned
Current Gross Monthly Rent: $11,444
Current Annualized Gross Income: $137,328
Stabilized Performance:
Projected Gross Monthly Rent: $15,475
Projected Annual Gross Income: $185,700
Projected NOI: $110,000+
Value-Add Opportunities:
Lease remaining vacant units
Increase occupancy and stabilize cash flow
Implement water submetering program
Raise below-market rents
Improve operating efficiencies
Grow NOI through strategic asset management
Investment Highlights:
Renovation work substantially completed
Immediate upside through lease-up
Strong cash flow potential
Significant NOI growth opportunity
Attractive basis relative to replacement cost
Multiple avenues for value creation
Ideal for multifamily investors seeking yield and appreciation
Why Investors Like This Deal:
Proven rental demand in the market
Existing income stream in place
Clear path to increased revenue
Opportunity to force appreciation through NOI growth
Limited renovation risk compared to heavy rehab projects
Strong long-term hold potential
Exit Strategies:
Stabilize and refinance
Long-term cash-flow hold
Value-add repositioning
Portfolio expansion acquisition
This is an excellent opportunity for investors seeking a multifamily asset with built-in upside and a clear path to increasing revenue, occupancy, and overall asset value.
Detailed rent roll, financials, and due diligence package available upon request.
For fastest response: Cherrie – Dispo Manager Call/Text: (404) 620-2544
NEED HELP MOVING YOUR OWN DEALS? We partner with investors and realtors on a non-exclusive basis to help dispo off-market properties through InvestorLift using our national cash-buyer network. We handle buyer communication, coordinate access and escrow, and offer competitive JV marketing terms, allowing our partners to stay focused on sourcing more inventory.
