The Terrace Apartments
327 E Eufaula St Ozark AL 36360
$1,550,000
List Price
$48,438
Price Per Unit
8.19 %
Cap Rate
8.01
GRM
Value Add Highlights
  • Located in Ozark, Alabama this pristine 32 unit Multifamily Complex is at 98% occupancy with a major opportunity for Value-Add. Ozark, Alabama is in very close proximity to cities and locations such as Enterprise, Dothan, Troy, and Fort Rucker, while also being 45 minutes from the Florida Panhandle. This provides a new owner an opportunity to market to tenants in a wide variety of locations. Additionally, in a poll by AL.com, Ozark was voted the number one spot in the Southeast for Retirees.
  • This 32 unit Multifamily Complex is For Sale at 98% Occupancy. Fifteen of the units have been renovated, with the owner turning units after tenants move out, with tile floorings replacing the carpet in those units. New Roofs have been placed on all of the buildings saving a major expense for a new prospective buyer. This is a very strong Value-Add that provides an owner with a chance to capitalize on a sound investment opportunity and start collecting a sturdy revenue stream upon closing
FOR MORE DETAILS CONTACT
Gayle Belcher
(205) 369-3600
gaylekahn@gmail.com