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Southern Pines - Value Add Development 20 Massey Dr 74 Unit Apartment Building $4,464,640 CAD ($60,333 CAD/Unit) Phenix City, AL 36869
INVESTMENT HIGHLIGHTS
- VALUE ADD
- 54 remaining pad ready sites
- 12 homes finish, 8 under construction
- Additional 4 acre parcel with highway frontage included
EXECUTIVE SUMMARY
This unique property features 20 tiny homes (12 completed, 8 Under construction), with infrastructure and plans in place for 54 additional units — offering significant upside potential for a developer to finish out and either sell or hold for steady cash flow. Each unit currently leases for $250–$265 per week.
All utilities are already in place, streamlining future development and expansion.
In addition to the residential component, the property includes a contiguous 4-acre parcel with valuable frontage on Highway 80, ideal for a complementary commercial use.
All utilities are already in place, streamlining future development and expansion.
In addition to the residential component, the property includes a contiguous 4-acre parcel with valuable frontage on Highway 80, ideal for a complementary commercial use.
PROPERTY FACTS
| Price | $4,464,640 CAD | Apartment Style | Single-Family Home |
| Price Per Unit | $60,333 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 26.06 AC |
| No. Units | 74 | Building Size | 44,400 SF |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built/Renovated | 2024/2025 |
| Zoning | O | ||
| Price | $4,464,640 CAD |
| Price Per Unit | $60,333 CAD |
| Sale Type | Investment |
| No. Units | 74 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | B |
| Lot Size | 26.06 AC |
| Building Size | 44,400 SF |
| No. Stories | 1 |
| Year Built/Renovated | 2024/2025 |
| Zoning | O |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Kitchen
- Family Room
- Vinyl Flooring
SITE AMENITIES
- 24 Hour Access
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 74 | - | 500 |
1 1
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Southern Pines - Value Add Development | 20 Massey Dr
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