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Multifamily

The River

Crest Club Cir, Valley, AL 36854

Listing Price: $35,500,000

Cap Rate
6.00%
Number of Units
208
GRM
13.15
Price/Unit
$170,673
Price/Gross SF
$161.36
Gross SF
220,000

Investment Overview

Built in 1998 and nestled between Columbus, GA and Auburn, AL, The River will arrive to market boasting 98% historical occupancy with nearly 100% collections and offers future ownership the opportunity to step into a strong day one yield with room for further top-line growth via continued interior value-add renovations, a measure already proven across approximately 20% of units which are yielding +/- $150/month rental premiums.

Investment Highlights

  • The River apartments, a 208 unit multifamily community located in Valley, Alabama
  • Strategically situated within a ten minute commute of the areas top employers, led by automotive giant Kia's manufacturing plant which employs 3,000 and has created nearly 6,000 indirect jobs
  • The property also enjoys convenient proximity to Auburn/Opelika, Columbus, and Atlanta's Hartsfield-Jackson International Airport, the world's busiest airport, which is situated less than an hour away

Exclusively Listed By

Multifamily

The River

Listing Price: $35,500,000

Cap Rate
6.00%
Number of Units
208
GRM
13.15
Price/Unit
$170,673
Price/Gross SF
$161.36
Gross SF
220,000

Investment Highlights

  • The River apartments, a 208 unit multifamily community located in Valley, Alabama
  • Strategically situated within a ten minute commute of the areas top employers, led by automotive giant Kia's manufacturing plant which employs 3,000 and has created nearly 6,000 indirect jobs
  • The property also enjoys convenient proximity to Auburn/Opelika, Columbus, and Atlanta's Hartsfield-Jackson International Airport, the world's busiest airport, which is situated less than an hour away

Investment Overview

Built in 1998 and nestled between Columbus, GA and Auburn, AL, The River will arrive to market boasting 98% historical occupancy with nearly 100% collections and offers future ownership the opportunity to step into a strong day one yield with room for further top-line growth via continued interior value-add renovations, a measure already proven across approximately 20% of units which are yielding +/- $150/month rental premiums.

Exclusively Listed By

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