Listed by Matthews
Unpriced
McMillon Apartments
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 35,740
Net Rentable (SqFt) 35,740
Units 46
Cap Rate 10.67%
Occupancy 98%
Year Built 1958
Buildings 4
Stories 2
Stabilized 46-Unit Multifamily | Master Leased to Non-Profit | Proximity to Employment & Highways
Investment highlights
46-Units
Unit Mix:
1 Bed 1 Bath ±650 SF
2 Bed 1 Bath ±800 SF
3 Bed 1 Bath ±893 SF
3 Bed 2 Bath ±890 SF
44/46 Units are on a Master lease
1 Bed 1 Bath ±$1,109
2 Bed 1 Bath ±$1,245
3 Bed 1 Bath ±$1,245
3 Bed 2 Bath ±$1,245
Current Avg Rents: $1,201
10.67% Cap Rate
98% Occupancy
Easy access to I-20 and I-65 and less than a 10-minute drive to Birmingham-Shuttlesworth International Airport
Listing Contacts
Listed by Matthews
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