Multifamily
Coleman Place
2320 Coleman Rd, Anniston, AL 36207
Listing Price: Request For Offer
Investment Overview
Coleman Place, built in 1973, will arrive to market with boasting 98% occupancy with average in-place rents hovering right at $1,000/month, allowing future ownership to step into day one cash flow and yield with further upside remaining via continued programmatic value-add across remaining classic interiors.
Coleman Place
Investment Highlights
- Investors can capitalize on the ability to assume an attractive in-place agency loan, which contains a below market 4.6% fixed rate with six years of remaining term.
- With a population of approximately 21,377 in 2023, Anniston benefits from a stable community and its role as the county seat, fostering consistent government-sector employment (13.8% of the workforce)
- Proximity to Birmingham and Atlanta enhances its appeal, offering access to larger markets while maintaining a low cost of living (80.7 on the cost-of-living index, compared to the U.S. avg of 100)
Exclusively Listed By
Investment Highlights
- Investors can capitalize on the ability to assume an attractive in-place agency loan, which contains a below market 4.6% fixed rate with six years of remaining term.
- With a population of approximately 21,377 in 2023, Anniston benefits from a stable community and its role as the county seat, fostering consistent government-sector employment (13.8% of the workforce)
- Proximity to Birmingham and Atlanta enhances its appeal, offering access to larger markets while maintaining a low cost of living (80.7 on the cost-of-living index, compared to the U.S. avg of 100)
Investment Overview
Coleman Place, built in 1973, will arrive to market with boasting 98% occupancy with average in-place rents hovering right at $1,000/month, allowing future ownership to step into day one cash flow and yield with further upside remaining via continued programmatic value-add across remaining classic interiors.
Exclusively Listed By
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