Northgate Terrace Apartments | 1057 N Main St
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Northgate Terrace Apartments 1057 N Main St
16 Unit Block of Flats £1,136,160 (£71,010/Unit) 5.50% Net Initial Yield Arab, AL 35016
Investment Highlights
- 180K spent in CAP EX remodels
- 12 of 16 units have been remodeled
Executive Summary
16 Units in Arab, AL Perfect for the savvy Multifamily / Low-Rise/Garden investor, 1057 N Main St offers a prime investment opportunity. This impressive 11,200 SF building houses 16 units with Washer Dryer Hookups, boasting recent CAP EX remodels totaling $180K. With 12 out of 16 units already remodeled, the property presents a compelling value-add potential. The roof, less than 10 years old, adds further appeal to this property built in 1970. Located in the ARAB area, this property epitomizes lucrative investment potential, making it a must-consider opportunity for discerning investors.
Property Facts
| Price | £1,136,160 | Apartment Style | Low Rise |
| Price Per Unit | £71,010 | Building Class | C |
| Sale Type | Investment | Lot Size | 2.00 AC |
| Net Initial Yield | 5.50% | Building Size | 11,200 SF |
| No. Units | 16 | Number of Floors | 2 |
| Property Type | Residential | Year Built | 1970 |
| Property Subtype | Apartment | Parking Ratio | 5.14/1,000 SF |
| Price | £1,136,160 |
| Price Per Unit | £71,010 |
| Sale Type | Investment |
| Net Initial Yield | 5.50% |
| No. Units | 16 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 2.00 AC |
| Building Size | 11,200 SF |
| Number of Floors | 2 |
| Year Built | 1970 |
| Parking Ratio | 5.14/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 2+1 | 16 | £670.65 | 700 |
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Paul McDonald -
SVN | AVAT Realty, LLC
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Northgate Terrace Apartments | 1057 N Main St
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