For Sale
$2,185,000

395 Felder AveMontgomery, AL 36104

31-unit apartment complex, 97% occupied

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional 31-unit apartment building, known as Flats on Felder, presents a compelling investment opportunity in Montgomery, Alabama's desirable Old Cloverdale Historic area. Priced at $2,185,000, this multifamily property boasts a remarkable 97% occupancy rate, demonstrating strong market demand and stable income generation. The property has undergone significant recent upgrades, enhancing its value and appeal. These improvements include a complete exterior repainting, resurfacing of the parking lot, and extensive interior unit renovations. Furthermore, the electrical systems have been updated, landscaping refreshed, and all HVAC units and hot water heaters replaced. This comprehensive revitalization has resulted in a stabilized property ready for immediate ownership. Its prime location within walking distance of Cloverdale's vibrant restaurants, bars, and shopping provides residents with unparalleled convenience and lifestyle benefits. The address is 395 Felder Ave, Montgomery, AL 36104, situated in Montgomery County. This property offers a rare blend of historic charm, modern amenities, and strong financial performance, making it an ideal addition to any investment portfolio. The property is classified as an apartment building and is currently operating at a high occupancy rate.

Highlights

  • 31-unit apartment building in Montgomery, AL's Old Cloverdale Historic area, priced at $2,185,000.
  • 97% occupancy rate ensures strong cash flow.
  • Recently renovated with exterior repainting, parking lot resurfacing, and extensive interior unit upgrades.
  • Updated electrical systems, landscaping, HVAC units, and hot water heaters.
  • Prime location within walking distance of restaurants, bars, and shopping in Cloverdale.
  • Address: 395 Felder Ave, Montgomery, AL 36104.

Property Details for 395 Felder Ave

Property type
Apartment buildings

Location Insight

City
Montgomery
County
Montgomery
State
Alabama
Latitude
32.3574695
Longitude
-86.3004175
395 Felder Ave, Montgomery, Alabama

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395 Felder Ave
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