Listed by Partners Realty
$7,350,000
EASTBROOK APTS AND BONNIECREST APARTMENTS
Details
APN 04-08-33-1-000-019.000
Property Type Multifamily
Sub Type Apartment Building
Units 96
Tenancy Multi
Pro-Forma NOI $520,000
Class B
Year Built 1986
Buildings 8
Stories 1
Acreage 2.173
Investment Type Value Add
Multifamily | 96 Units
Marketing description
Partners Realty is proud to present the EastBrook Multifamily Portfolio, a compelling investment opportunity featuring 96 units across three adjacent parcels. Strategically positioned along Coliseum Blvd in Montgomery, Alabama, the portfolio benefits from strong proximity to downtown business and employment hubs, offering consistent tenant demand. The community consists of a desirable mix of one- and two-bedroom units, with over 60% already renovated to enhance appeal and drive rental performance. With remaining units primed for upgrades, investors have a clear value-add opportunity to continue renovations and capture increased rental income, all within a cohesive asset featuring stable tenant profiles and uniform rental trends.
Investment highlights
- Stabilized Portfolio with upside rent potential
- All 12 units in BonnieCrest have been renovated
- Over 60% of units renovated with flooring, countertops, and appliances
- Ability to immediately increase rents to market rates.
Listing Contacts
Listed by Partners Realty
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