3345 Fernway Dr - CCF Houses Montgomery SFR Portfolio
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3345 Fernway Dr - CCF Houses Montgomery SFR Portfolio
12,279 SF Speciality Building Offered at £784,719 at a 6.47% Net Initial Yield in Montgomery, AL 36111
Investment Highlights
- Assumable Debt | 4.64%
- Centrally Located Portfolio
- State Capitol of Alabama, Alabama State University, Amazon, Alfa Insurance
- Value Add Opportunity via Rent Raise and Renovation Program
- Rental Income Loss to Lease | 9.24%
- Notable Economic Drivers | Hyundai Plant, Maxwell-Gunter AF Base,
Executive Summary
Priced Well Below Replacement Cost at $82 A Square Foot
Value Add Opportunity via Rent Raise and Renovation Program
Centrally Located Portfolio For Easier Management
Assumable Debt | 4.64% - Total Return Year One Greater Than 9.82%
Rental Income Loss to Lease | 9.24%
Pro Forma Cap Rate | 7.32%
Strategic Ability to Sell Individually Into Historically Strong Single Family Market
Notable Economic Drivers | Hyundai Plant, Maxwell-Gunter AF Base,
State Capitol of Alabama, Alabama State University, Amazon, Alfa Insurance
Value Add Opportunity via Rent Raise and Renovation Program
Centrally Located Portfolio For Easier Management
Assumable Debt | 4.64% - Total Return Year One Greater Than 9.82%
Rental Income Loss to Lease | 9.24%
Pro Forma Cap Rate | 7.32%
Strategic Ability to Sell Individually Into Historically Strong Single Family Market
Notable Economic Drivers | Hyundai Plant, Maxwell-Gunter AF Base,
State Capitol of Alabama, Alabama State University, Amazon, Alfa Insurance
Property Facts
| Price | £784,719 | Building Class | C |
| Price Per SF | £64 | Lot Size | 0.34 AC |
| Sale Type | Investment | Building Size | 12,279 SF |
| Net Initial Yield | 6.47% | Number of Floors | 1 |
| Property Type | Speciality | Year Built | 1972 |
| Property Subtype | Residential Income | Parking Ratio | 0.49/1,000 SF |
| Price | £784,719 |
| Price Per SF | £64 |
| Sale Type | Investment |
| Net Initial Yield | 6.47% |
| Property Type | Speciality |
| Property Subtype | Residential Income |
| Building Class | C |
| Lot Size | 0.34 AC |
| Building Size | 12,279 SF |
| Number of Floors | 1 |
| Year Built | 1972 |
| Parking Ratio | 0.49/1,000 SF |
Amenities
- Air Conditioning
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zoning
| Zoning Code | R-85 (Residential) |
| R-85 (Residential) |
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3345 Fernway Dr - CCF Houses Montgomery SFR Portfolio
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