For Sale
$1,028,000

445 Co RdKillen, AL 35645

18-Unit Apartment Complex, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents Center Star Village Apartments, a well-maintained multifamily property located in Killen, Alabama. The property boasts a desirable 6.93% capitalization rate, generating a strong Net Operating Income (NOI) of $99,648. Comprising two one-story buildings constructed in 1990, the complex offers a total of 18 apartment units and a substantial 16,000 square feet of net rentable space. Situated on Co Rd 445 in Lauderdale County, Alabama, zip code 35645 (34.8576544, -87.4477908), this property presents a compelling investment prospect for those seeking a stable and profitable addition to their portfolio. The property's strong performance metrics, combined with its convenient location, make it an attractive option for both seasoned investors and those new to the multifamily market. The 18 units provide a solid foundation for rental income, and the existing infrastructure offers potential for further value enhancement through strategic improvements or upgrades. The property's solid history and current performance make it a low-risk, high-reward investment opportunity. The asking price is $1,028,000. This is a turnkey operation ready for immediate income generation. Serious inquiries are encouraged.

Highlights

  • 6.93% Cap Rate
  • 7.33 GRM
  • 18 Units
  • 1990 Year Built
  • 16,000 SF Leasable Area
  • $99,648 Net Operating Income (NOI)

Property Details for 445 Co Rd

Property type
Apartment buildings
Year Built
1990
Buildings
2
Stories
1
Units
18

Location Insight

City
Killen
County
Lauderdale
State
Alabama
Latitude
34.8576544
Longitude
-87.4477908
445 Co Rd, Killen, Alabama

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445 Co Rd
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