Description
Excellent Investment Opportunity. This is a 62-unit, 14 property portfolio across Florence, Muscle Shoals, Sheffield and Tuscumbia. Fully occupied, Cash flowing portfolio. $39,500 per month rent roll. More than half of the units have been completely renovated with new luxury vinyl plank flooring, stainless steel appliances, fresh paint, upgraded light fixtures and more. All but two properties have brand new architectural shingle roofs with transferable warranties. Many brand-new air-conditioning units. More than $500k in CAPEX has been put into these properties. Several units below market rent with room for immediate increase.
-
0BEDS
-
0.32ACRES
-
0BATHS
-
01/2 BATHS
School Information
Description
Excellent Investment Opportunity. This is a 62-unit, 14 property portfolio across Florence, Muscle Shoals, Sheffield and Tuscumbia. Fully occupied, Cash flowing portfolio. $39,500 per month rent roll. More than half of the units have been completely renovated with new luxury vinyl plank flooring, stainless steel appliances, fresh paint, upgraded light fixtures and more. All but two properties have brand new architectural shingle roofs with transferable warranties. Many brand-new air-conditioning units. More than $500k in CAPEX has been put into these properties. Several units below market rent with room for immediate increase.
© 2023 ValleyMLS. All information provided is deemed reliable but is not guaranteed accurate by the MLS or Coldwell Banker of the Valley and should be independently verified. Listings marked with the ValleyMLS logo are provided courtesy of the ValleyMLS IDX Database. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2023-12-04T00:27:42.387.