1024 Day Street Rd, Montgomery, AL 36108

Highland Village is an 88-unit market-rate apartment complex that offers clean and safe living spaces. Located in Montgomery, Alabama, the complex has been managed by the same owner since 2009. The property is fully stabilized and producing $400k NOI. One of the biggest advantages of Highland Village apartments is its potential for future income and asset appreciation. Market rates for rental properties in Montgomery are significantly higher and still expected to rise in the coming years, and this complex is poised to benefit from that trend. Since 2023, rents at Highland Village have increased by $58 on average, resulting in a $40k increase in NOI YoY, and there is room for further organic rent growth from units with long term tenants at below market rates.