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Tuskegee Apartments 2601 Cole St 24 Unit Apartment Building $1,033,875 CAD ($43,078 CAD/Unit) 9.37% Cap Rate Tuskegee Institute, AL 36088
INVESTMENT HIGHLIGHTS
- Rare value add multifamily opportunity
EXECUTIVE SUMMARY
Explore an exceptional investment opportunity with this multifamily property strategically located in Tuskegee, AL. This 14,210 SF building encompasses 24 mixed units, 16 two-bedroom one-bath units, 8 one-bedroom one-bath units, offering a valuable value-add opportunity. Built in 1986 and thoughtfully renovated in 2022, the property boasts a large 1.35-acre lot with ample parking. The property is being sold as is, presenting an enticing prospect for investors seeking the lowest price per door in Alabama. With its prime location and significant potential, this multifamily property sets the stage for a lucrative investment in the historic Tuskegee area.
PROPERTY FACTS Under Contract
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 16 | $1,241 CAD | - |
| 1+1 | 8 | $964.95 CAD | - |
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PROPERTY TAXES
| Parcel Number | 15-01-02-1-001-039-0000 | Improvements Assessment | $127,531 CAD |
| Land Assessment | $8,084 CAD | Total Assessment | $135,614 CAD |
PROPERTY TAXES
Parcel Number
15-01-02-1-001-039-0000
Land Assessment
$8,084 CAD
Improvements Assessment
$127,531 CAD
Total Assessment
$135,614 CAD
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Tuskegee Apartments | 2601 Cole St
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