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Englewood Apartments 185 La Rue Finis 24 Unit Apartment Building For Sale Leesburg, AL 35983

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INVESTMENT HIGHLIGHTS

  • Opportunity for strong cash-flows
  • Easy access to recreational activities and local charm
  • Solid in-place occupancy
  • Near Leesburg Historic District

EXECUTIVE SUMMARY

Englewood, a 24-unit LIHTC property built in 2004 and located in Leesburg, AL, offers a strong opportunity to acquire a stabilized affordable housing asset. With income and rent restrictions in place, the property benefits from consistent demand and limited local competition. Englewood presents an opportunity for strong cash-flows and solid in-place occupancy. The property is QC eligible but must remain in the program to preserve the existing HOME loan.

PROPERTY FACTS Under Contract

Sale Type Investment
No. Units 24
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class C
Lot Size 6.25 AC
Building Size 23,574 SF
No. Stories 2
Year Built 2004

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
15-01-11-1-000-001.022
Land Assessment
$0 CAD
Improvements Assessment
$186,170 CAD
Total Assessment
$186,170 CAD
  • Listing ID: 36379418

  • Date on Market: 2025-06-24

  • Last Updated:

  • Address: 185 La Rue Finis, Leesburg, AL 35983

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