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Barrington Hills 2553 Lower Wetumpka Rd

41 Unit Block of Flats £1,576,070 (£38,441/Unit) Montgomery, AL 36110

Investment Highlights

  • Priced below replacement cost of $68 per square of total 29,272 SF out of 7 buildings
  • $48,659 a door - total 41 units for sale. 21 (2 beds & 1 bath) and 20 (1 bed & 1 bath)
  • Average 90-95% occupancy

Executive Summary

$48,659 a door - total 41 units for sale. 21 (2 beds & 1 bath) and 20 (1 bed & 1 bath). Average 90-95% occupancy. Priced below replacement cost of $68 per square of total 29,272 SF out of 7 buildings. Please call 334-604-3856 or email at 534mgm@gmail.com

Financial Summary (Pro forma - 2024) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Pro forma - 2024) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Price £1,576,070 Building Class C
Price Per Unit £38,441 Lot Size 2.51 AC
Sale Type Investment Building Size 29,272 SF
No. Units 41 Average Occupancy 95%
Property Type Residential Number of Floors 2
Property Subtype Apartment Year Built/Renovated 1978/2022
Apartment Style Garden Parking Ratio 3.01/1,000 SF
Price £1,576,070
Price Per Unit £38,441
Sale Type Investment
No. Units 41
Property Type Residential
Property Subtype Apartment
Apartment Style Garden
Building Class C
Lot Size 2.51 AC
Building Size 29,272 SF
Average Occupancy 95%
Number of Floors 2
Year Built/Renovated 1978/2022
Parking Ratio 3.01/1,000 SF

Unit Amenities

  • Oven
  • Range
  • Tub/Shower

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
1+1 20 £551.03 600 - 650
2+1 21 £709.03 822 - 850
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PROPERTY TAXES

Parcel Number 04-09-32-3-004-001.000 Total Assessment £205,740
Land Assessment £7,922 Annual Taxes -£1 (£0.00/sf)
Improvements Assessment £197,818 Tax Year 2024

PROPERTY TAXES

Parcel Number
04-09-32-3-004-001.000
Land Assessment
£7,922
Improvements Assessment
£197,818
Total Assessment
£205,740
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2024

zoning

Zoning Code M-1
M-1
  • Jacob Khan
    Jacob Khan
  • IRP MGM PROPERTIES LLC
(334) 604-3856

  • Listing ID: 33994015

  • Date on Market: 25/11/2024

  • Last Updated:

  • Address: 2553 Lower Wetumpka Rd, Montgomery, AL 36110

The North Montgomery Residential Property at 2553 Lower Wetumpka Rd, Montgomery, AL 36110 is currently available. Contact IRP MGM PROPERTIES LLC for more information.

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© 2024 CoStar Group

Barrington Hills | 2553 Lower Wetumpka Rd
(334) 604-3856 x

Barrington Hills | 2553 Lower Wetumpka Rd

Jacob Khan

(334) 604-3856

(334) 604-3856

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