101118 . 31 Home SFR Montgomery, AL

06-27-2022
09-15-2022

101118 . 31 Home SFR Montgomery, AL, Montgomery, AL 36116

All homes are single-family detached 
Asset mix consists of (6) one-bedroom, (12) two-bedroom, and (13) three-bedroom homes 
Profession property Manager in place 
Average home size of 1,060 square feet 
Average vintage of 1948 
Scattered about Montgomery Alabama 
Significant CapEx deployed throughout the portfolio 
Minimal deferred maintenance 
Stabilized Year 1 Net Cap Rate of 10.27% 
Stabilized Year 1 Annual Gross Yield of 14.03% 
Stabilized Year 1 NOI of $220,979 
Value Add Opportunity
All SVN® Offices Independently Owned & Operated
Local Broker License Information: www.SFRhub.com/realstatelicensing

Property Description

Contact:
TOM JOHNSTON
Director of Brokerage Services
SVN | SFRhub Advisors
T: 602.825.1780
C: 602.403.3695
tom.johnston@svn.com
License #: BR507919000

BOR:
SVN | JJMottram
John Mottram
License #: 000051657-0

Visit www.SFRhub.com and search for portfolio 101118 for more information. 
SVN | SFRhub Advisors is pleased to present to qualified investors this 31-home SFR portfolio scattered about Montgomery, AL. The asset mix includes six one-bedroom, twelve two-bedroom, and thirteen three-bedroom homes. All the homes were built between 1920 - 1996, with an average vintage of 1948. This portfolio has an average dwelling size of 1,060 square feet. The seller purchased the homes one at a time over the last couple of years. Upon acquisition, the seller deployed the necessary capital to improve the homes. Improvements include kitchen and bath remodels, new roofs and repairs, new water heaters, new HVAC units where needed, as well as cosmetic alterations during tenant turns. With affordable home prices, inexpensive taxes, and a low cost of living, Montgomery is a great city to stretch a salary or a pension. Family homes here cost lower than the national average, and Alabama has some of the lowest property tax rates in the nation. Alabama is one of the richest states in the US, with great investments in automobile, aerospace, education, healthcare, banking, heavy industries, and metal extraction. And despite the economy facing a backlash worldwide, Alabama recorded growth in 2020-2022, adding up more jobs. Even tourism is booming in Alabama, opening more job opportunities. Alabama has over 1,541 individual schools for 743,364 elementary and secondary students. There are also 17 private, undergraduate, and graduate universities in the state. The public primary and secondary education in Alabama is under the Alabama State Board of Education, and the state has top-notch colleges and schools. The people in Alabama are the most football-crazed in the US. Recent studies prove that the Yellowhammer state spends more time discussing football on social media or outside than the neighboring states, and for them, the battle on the turf is a major part of the culture.

Key Property Information

Listing Status
Available
Listing Type
Highest & best offer
Multifamily type
Single Family Rental Portfolio
Price
$ 2,151,600
No. of Units
31
Cap Rate
10.92%
Year Built
1948
Building Size
32,859 Sq ft
Lot Size
286,521.00 sq ft
Opportunity Zone
No
Buy Side Fee
50%
Price per unit
$ 69,407
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