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Multifamily

100% Project Based Section 8 Housing Portfolio

200 Catawba St, Monroeville, AL 36460

Listing Price: $5,850,000

Cap Rate
8.60%
GRM
15.55
Occupancy
98.0%

Investment Overview

Florala Apartments multifamily housing investment opportunity is strategically located between the cities of Pensacola, Florida, and Tallahassee, Florida and is just over a mile from the Florida/Alabama state line. With its 100% project based Section 8 status, the investment offers stable and predictable cash flows, backed by government subsidies, mitigating the risk associated with fluctuating market conditions. Additionally, the historical 100% occupancy rate underscores the property's attractiveness to tenants, and positions the property as a reliable income-generating asset.

Catawba Ridge Apartments multifamily investment opportunity is strategically located between Mobile, Alabama and Montgomery, Alabama. With its 100% project based Section 8 status, the investment offers stable and predictable cash flows, backed by government subsidies, mitigating the risk associated with fluctuating market conditions. Additionally, the historical 100% occupancy rate underscores the property's attractiveness to tenants, and positions the property as a reliable income-generating asset.

Investment Highlights

  • 100% Project Based Section 8 Housing
  • Historically Well-Occupied
  • All brick buildings in durable condition
  • Located in Monroeville, AL and Florala, AL

Exclusively Listed By

  • Scott K. Spalding

    Senior Vice President Investments

    (678) 808-2814

    Email Scott

    License(s): GA: 357951, FL: SL 3516977, AL: 125796-0

    Atlanta

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s) AL: 0000882980

    Alabama

Financing By

Multifamily

100% Project Based Section 8 Housing Portfolio

Listing Price: $5,850,000

Cap Rate
8.60%
GRM
15.55
Occupancy
98.0%

Investment Highlights

  • 100% Project Based Section 8 Housing
  • Historically Well-Occupied
  • All brick buildings in durable condition
  • Located in Monroeville, AL and Florala, AL

Investment Overview

Florala Apartments multifamily housing investment opportunity is strategically located between the cities of Pensacola, Florida, and Tallahassee, Florida and is just over a mile from the Florida/Alabama state line. With its 100% project based Section 8 status, the investment offers stable and predictable cash flows, backed by government subsidies, mitigating the risk associated with fluctuating market conditions. Additionally, the historical 100% occupancy rate underscores the property's attractiveness to tenants, and positions the property as a reliable income-generating asset. Catawba Ridge Apartments multifamily investment opportunity is strategically located between Mobile, Alabama and Montgomery, Alabama. With its 100% project based Section 8 status, the investment offers stable and predictable cash flows, backed by government subsidies, mitigating the risk associated with fluctuating market conditions. Additionally, the historical 100% occupancy rate underscores the property's attractiveness to tenants, and positions the property as a reliable income-generating asset.

Exclusively Listed By

  • Scott K. Spalding

    Senior Vice President Investments

    (678) 808-2814

    Email Scott

    License(s): GA: 357951, FL: SL 3516977, AL: 125796-0

    Atlanta

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s): AL: 0000882980

    Alabama

Financing By

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