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31314617
31314615

709 Franklin St, Roanoke, AL 36274

eXp Realty
Listed by eXp Realty
$2,300,000
73 days on market
Updated 62 days ago

40 - Unit Single Family Rental Portfolio

Details
Property Type Multifamily
Sub Type Single Family Rental Portfolio
Square Footage 44,000
Units 40
Cap Rate 5.09%
NOI $117,000
Occupancy 100%
Pro-Forma Cap Rate 7.17%
Pro-Forma NOI $165,000
Price per SqFt $52
Broker Co-Op Yes
Class C
Year Built 1950-2005
Year Renovated 2023-2025
Buildings 40
Stories 1
Acreage 2.000
Zoning Residential
Investment Type Stabilized
Occupancy Date 03/26/2026
Ground Lease No
Ownership Fee simple
Sale Condition For sale by owner

Multifamily | 40 Units | $57,500/unit

Marketing description

40-Unit Single-Family Rental Portfolio | Roanoke, Alabama | Stabilized Cash Flow + Value-Add Upside

This is a rare opportunity to acquire a 40-property single-family rental portfolio located throughout the Roanoke, Alabama market. The portfolio is currently fully occupied with tenants in place, providing immediate, in-place cash flow from day one.

The assets have been actively managed, with 21 properties recently renovated, including interior upgrades and general capital improvements. These enhancements position the portfolio for improved operational efficiency and reduced near-term capital expenditures.

Current financials reflect elevated repair and maintenance expenses due to recent renovations; however, based on historical performance and normalized operating costs, the portfolio is projected to operate at approximately a 4.5%–5.0% cap rate.

Additionally, there is clear upside through continued rent optimization and expense reduction, particularly in insurance and operating efficiencies. With strategic management, the portfolio presents the potential to achieve a 5.5%–6.0%+ cap rate.

Investment highlights

INVESTMENT HIGHLIGHTS

• Immediate cash flow with stabilized tenant base

• Significant capital improvements already completed

• Value-add opportunity through rent growth and expense optimization

• Scalable portfolio in an affordable and growing rental market

• Ideal for investors seeking yield + long-term appreciation

Listing Contacts

eXp Realty
Listed by eXp Realty

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$117,000.00
$9,750.00/mo

Valuation Metrics

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DSCR
5.09%
Cap Rate
5.09%
ROI

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