501 Clayton St
- Assumable Loan with a balance of $1.83M (non-recourse)
- Consistently 94%+ Occupied
- Recent Upgrades: Roof replacement, exterior painting, and refreshed landscaping
- Prime Location: Minutes to downtown Montgomery dining, retail, and entertainment
- Strong Market Fundamentals: Proximity to Maxwell Air Force Base and local employment centers
- Quiet Historical Neighborhood
- Turnkey Investment with Management in Place
Property Description
Partners Realty presents For Sale a 40-unit multifamily property in Montgomery, Alabama. Seller is offering a non-recourse assumable loan with a balance of $1,830,000, a 5.59% rate and a maturity of 2033. Situated in a quiet, historic neighborhood just minutes from downtown Montgomery, this well-maintained 40-unit multifamily property offers an exceptional investment opportunity with strong, stable returns. Boasting consistently high occupancy rates of over 94%, the complex benefits from a desirable location with easy access to downtown restaurants, entertainment, and Maxwell Air Force Base. Recent improvements—including fresh landscaping, new roof installation, and exterior painting—enhance curb appeal and minimize near-term capital expenditures. Professional property management is already in place, ensuring smooth day-to-day operations and tenant satisfaction.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $2,930,000 |
| No. of Units: | 40 |
| Year Built: | 1946 |
| Lot Size: | 1.94 Acres |
| Opportunity Zone: | No |
| Price per unit: | $73,250 |
| Property Website | Click Here |
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