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Multifamily

Goldenrod Apartments

1465 Sutton Bridge Rd, Rainbow City, AL 35906

Listing Price: Request For Offer

Number of Units
70
Gross SF
51,360

Investment Overview

Goldenrod Apartments is a 70-unit apartment community with a charming and well-capitalized all brick exterior in Rainbow City, Alabama. The asset consists of 44 1-bed/1-bath units, 24 2-bed/1-bath units, and 2 3-bed/2-bath units with over $500,000 spent at the property in the past 24 months. This lovely community consists of 13 buildings on a gorgeous 4.3-acre site within proximity to major interstates offering residents an attractive apartment lifestyle, and an investor the opportunity to acquire a well-maintained 1981 Vintage asset. The property is located in an established market, with over 440,000 people in a 30-mile radius of the asset and is being offered Free and Clear of existing debt.

Investment Highlights

  • Minutes from the largest employers in the metro and under constant demand with low supply risk.
  • $7000+ per unit in Capex spent in past 24 months with interior value-add upside remaining.
  • Double Digit Cash-On-Cash Returns.

Exclusively Listed By

Listing Price: Request For Offer

Number of Units
70
Gross SF
51,360

Investment Highlights

  • Minutes from the largest employers in the metro and under constant demand with low supply risk.
  • $7000+ per unit in Capex spent in past 24 months with interior value-add upside remaining.
  • Double Digit Cash-On-Cash Returns.

Investment Overview

Goldenrod Apartments is a 70-unit apartment community with a charming and well-capitalized all brick exterior in Rainbow City, Alabama. The asset consists of 44 1-bed/1-bath units, 24 2-bed/1-bath units, and 2 3-bed/2-bath units with over $500,000 spent at the property in the past 24 months. This lovely community consists of 13 buildings on a gorgeous 4.3-acre site within proximity to major interstates offering residents an attractive apartment lifestyle, and an investor the opportunity to acquire a well-maintained 1981 Vintage asset. The property is located in an established market, with over 440,000 people in a 30-mile radius of the asset and is being offered Free and Clear of existing debt.

Exclusively Listed By

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