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4005 County Road 34Centre, AL 35960

60-Unit Multifamily Investment Opportunity

Overview

Added:
Feb 13
Days on market:
51
This exceptional 60-unit apartment building, located at 4005 County Rd 34 in Centre, Alabama (zip code 35960), presents a compelling investment opportunity. The property boasts a total of 62,671 square feet and features an attractive mix of spacious two-bedroom units. A recent, comprehensive renovation program is complete, resulting in a significant increase in rental income, already approaching market rates. This major capital expenditure, including full rehabilitation, eliminates the need for immediate further investment, allowing for immediate cash flow and further potential rental growth. The property's prime location in Centre offers convenient access to key economic drivers and major transportation routes, ensuring strong tenant demand and ease of commuting. This turnkey investment is ready for immediate occupancy and income generation, offering a solid return on investment with significant upside potential. The property is situated in Cherokee County, Alabama, providing a stable and attractive market for multifamily investments. The completed renovations ensure a high-quality living experience for residents, contributing to long-term tenant retention and consistent rental income. This is a rare opportunity to acquire a well-maintained, high-performing apartment complex in a desirable location. The strong rental income, coupled with the completed renovations, makes this an ideal investment for those seeking immediate returns and long-term growth.

Highlights

  • Attractive unit mix of spacious 2-bedroom apartments.
  • Proven rental upside with current renovations achieving near-market rate rents.
  • Major renovations and capital expenditures are complete, providing immediate cash flow and further rental growth potential.
  • Excellent location near Centre's economic drivers and major thoroughfares.

Property Details for 4005 County Road 34

Property type
Apartment buildings
Square Feet
62,671 SF
Units
60

Location Insight

City
Centre
County
Cherokee
State
Alabama
Latitude
34.1053716
Longitude
-85.534788
4005 County Road 34, Centre, Alabama

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4005 County Road 34
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