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Multifamily

Bridgeport Apartments

2101 5th St, Bridgeport, AL 35740

Listing Price: $2,200,000

Cap Rate
7.83%
Number of Units
28
Price/Unit
$78,571
Price/Gross SF
$92.44
Gross SF
23,800

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale this property in Bridgeport, AL. This offering will allow a potential investor to purchase a rare Value-Add Opportunity. Offers should be presented in the form of a non-binding Letter of Intent, spelling out the significant terms and conditions of the Purchaser’s offer including, but not limited to:1) asset pricing, 2) due diligence and closing time frame, 3) earnest money deposit, 4) a description of the debt/equity structure, and 5) qualification to close. The purchase terms shall require all cash to be paid at closing. Offers should be delivered to the attention of the Listing Agents AT NO POINT SHOULD TENANTS OR STAFF BE CONTACTED REGARDING THE SALE OF THE BRIDGEPORT APARTMENTS.

Investment Highlights

  • Top of hill scenic views
  • Located 35 miles from Chattanooga, TN, and 28 miles from Scottsboro, AL. Bridgeport resides in northeastern Alabama near the Tennessee and Georgia border
  • Rents are currently $91 below market rate.

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s) AL: 0000882980

    Alabama

Financing By

Multifamily

Bridgeport Apartments

Listing Price: $2,200,000

Cap Rate
7.83%
Number of Units
28
Price/Unit
$78,571
Price/Gross SF
$92.44
Gross SF
23,800

Investment Highlights

  • Top of hill scenic views
  • Located 35 miles from Chattanooga, TN, and 28 miles from Scottsboro, AL. Bridgeport resides in northeastern Alabama near the Tennessee and Georgia border
  • Rents are currently $91 below market rate.

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale this property in Bridgeport, AL. This offering will allow a potential investor to purchase a rare Value-Add Opportunity. Offers should be presented in the form of a non-binding Letter of Intent, spelling out the significant terms and conditions of the Purchaser’s offer including, but not limited to:1) asset pricing, 2) due diligence and closing time frame, 3) earnest money deposit, 4) a description of the debt/equity structure, and 5) qualification to close. The purchase terms shall require all cash to be paid at closing. Offers should be delivered to the attention of the Listing Agents AT NO POINT SHOULD TENANTS OR STAFF BE CONTACTED REGARDING THE SALE OF THE BRIDGEPORT APARTMENTS.

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s): AL: 0000882980

    Alabama

Financing By

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