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Property Description

LAH Commercial Real Estate is pleased to present this 16-unit value add multifamily opportunity, situated in the fast growing Pike County, Alabama, and is located just 16 minutes from the campus of Troy University.
This property consists of four 3BR/1BA units and twelve 2BR/1BA units, with an on-site coin operated laundry facility in place.
13 of the 16 units have been rehabbed and rented, leaving 3 units in need of moderate rehab, thus providing a value-add opportunity for a new prospective investor; current rents are also slightly under market leaving meat on the bone in that value-add regard.
Property operates on a thoroughly maintained well and septic system.
All utilities are separately metered, and all units have central heat and air.
The surrounding area is ± 2 miles from the Walmart Distribution Center and the Southern Classic Food Center as well as less than 20 minutes from all major employers in Troy, AL.
Property is being offered at an attractive CAP Rate; call Broker for additional details.

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