Ensley Highlands Resub

Price: $149,900
No. Units: 16
Building Size: 15,400 SF
Price/Unit: $9,368.75
Property Type: Multifamily
Property Sub-type: Garden/Low-Rise
Property Use Type: Investment
Cap Rate: 19%

The property consists of 3 buildings in a row. The square footage is approximately 15,400. Two of the buildings have 5 apartments each and the third building has 6 for a total of 16. The apartments consist of 14 apartments with two bedrooms and 1 and half baths. The other two are 1 bedroom and 1 bath. The Cap rate is a estimated projected number. Legal Description – Blk 3 EXC N 100 FT Also Lots 1 & 2 McWilliams ADD TO Ensley Highlands Resub. Note- The tax appraisal has the market value at $327,900, some renovations are needed.

Located between 5 points west and 1-20 on Ensley ave. There is a church located across the street, one block from the local elementary school, and one block from a park.