608 Connemara PlWeaver, AL 36277

Property Details for 608 Connemara Pl

Year built

1965

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional investment opportunity presents a three-building apartment portfolio situated in the Anniston, Alabama area. The portfolio comprises 17 units, all featuring two bedrooms and one bathroom, currently boasting 100% occupancy. Built in 1965, these Class C properties offer a compelling return on investment with a 5.66% capitalization rate and a strong net operating income (NOI) of $62,335. The asking price is $1,050,000, translating to $61,764.71 per unit. The portfolio includes three buildings, two of which are conveniently located next to each other, providing ample parking for residents. Two of the buildings are located at 604 and 608 Connemara Place, and the third is at 40 Cave Road, all in Weaver, Alabama, zip code 36277. The properties are offered fee simple, and existing property management is in place, simplifying operations for the new owner. This is a turnkey investment opportunity with significant potential for future growth and cash flow. Detailed financial statements are available upon request. This is a rare opportunity to acquire a well-maintained, high-performing multifamily portfolio in a desirable location.

Location Insight

City

Weaver

County

Calhoun

State

Alabama

Latitude

33.7553

Longitude

-85.7972

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