For Sale
$650,000

1020 Country Club Dr Auburn, AL 36830

High-yield rental portfolio in Auburn, Alabama.

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional value-add investment opportunity presents a portfolio of thirteen single-family rental homes situated on a 1.82-acre lot in Auburn, Alabama. The property, located at 1020 Country Club Dr, 36830, consists of nine buildings, each a single-story structure, totaling 11,150 square feet of net rentable space. Built in 1960, the property is classified as Class C and is zoned CRD-S. The asking price is $650,000, representing a price per unit of $50,000 and a price per square foot of $58.30. This portfolio offers immediate cash flow from thirteen existing rental units, presenting a strong foundation for long-term investment. The property's size and zoning offer potential for future redevelopment, adding significant upside to this already attractive investment. The fee simple ownership provides complete control and flexibility for the future of this property. This is a rare opportunity to acquire a substantial multifamily portfolio in a desirable location with significant potential for growth. The property is located in Lee County, Alabama, offering easy access to local amenities and infrastructure. This portfolio is ideal for investors seeking a stable income stream with long-term appreciation potential.

Highlights

  • 13-unit single-family rental portfolio in Auburn, AL.
  • 11,150 SF net rentable area on 1.82 acres.
  • $650,000 asking price ($50,000/unit, $58.30/SF).
  • Class C property with CRD-S zoning, offering redevelopment potential.
  • Immediate cash flow from existing tenants.

Property Details for 1020 Country Club Dr

Property type
Residential income homes
Square Feet
11,150 SF
Class
C
Year Built
1960
Buildings
9
Stories
1
Lot Size (sq. ft)
79,279 SF
Units
13

Location Insight

City
Auburn
County
Lee
State
Alabama
Latitude
32.62536000427
Longitude
-85.441528742543

FAQs

What type of property is this?
Residential income home - High-yield rental portfolio in Auburn, Alabama.
Where is the residential income home located?
The property is located at 1020 Country Club Dr Auburn, AL.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 13-unit single-family rental portfolio in Auburn, AL.; 11,150 SF net rentable area on 1.82 acres.; $650,000 asking price ($50,000/unit, $58.30/SF).
How can I contact the broker?
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1020 Country Club Dr
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