For Sale
$1,850,000
1712 Rhodes StMontgomery, AL 36106
High-Yield Student & Medical Housing
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 118
Highlights
- $1,850,000 asking price for this multifamily investment property.
- Three-building, two-story apartment complex totaling 100% occupancy.
- Recently renovated (2022) student housing and apartment building, built in 2005, located in Montgomery, AL.
- Prime location near Jackson and Baptist Jackson Hospitals, commanding above-market rents due to high demand from medical professionals.
- Exceptional 8% CAP rate, generating approximately $230,000 in annual rental income at full occupancy.
Property Details for 1712 Rhodes St
- Property type
- Dormitories, Student housing
- Year Built/Renovated
- 2005/2022
- Buildings
- 3
- Stories
- 2
Location Insight
- City
- Montgomery
- County
- Montgomery
- State
- Alabama
- Latitude
- 32.371236987894
- Longitude
- -86.286244456935
1712 Rhodes St, Montgomery, Alabama
Nearby Similar for Sale
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