Listings / BARRINGTON HILL

BARRINGTON HILL 2553 Lower Wetumpka Rd, Montgomery , AL 36110

Price $1,540,000

Cap Rate 8.33%

GRM 6.00

Price Per SF $43

Units 41

Price Per Unit $37,561

Gross Sq. Footage 35,750 SF

Year Built 1978/2019

Status available

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Broker of Record
KYLE MATTHEWS
License No. 110253 (AL)
Matthews Retail Group, Inc.
841 Apollo Street. Suite 150, El Segundo, CA 90245
(310) 919-5757

OPPORTUNITY

The Barrington Hill Apartments are an opportunity for an investor to acquire a potentially turnkey asset in a well-located, quiet neighborhood of Montgomery, AL. It is located only minutes from downtown as well as local attractions like the Montgomery Zoo and the Garrett Coliseum. It is also close to one of the key drivers for Montgomery’s economy and renter population being the Gunter Annex, which is the home to numerous military bases.

This property has also been completely renovated this year with upgrades to nearly every aspect of the exterior and interior of the units. This creates a unique rental option for people living in this area in having quality, new living conditions without compromising affordable rent. This will lead to a stable occupancy and allow an investor to have steady cash flow throughout the life of their investment.

PROPERTY DESCRIPTION

RENOVATION DETAILS