Property Description
Turnkey Investment: 3-Building Apartment Portfolio in Anniston, AL
100% Occupied | 5.89% Cap Rate | High-Performance Multi-Family Asset
Investors seeking immediate cash flow and stability in the Alabama market will find exceptional value in this 3-building multi-family portfolio. Strategically located in the Anniston area, this portfolio is priced at $969,000 and features a proven track record of full occupancy and professional management.
Financial Performance & Portfolio Highlights
This portfolio is a “buy-and-hold” dream, offering a solid 5.89% Cap Rate and an impressive Net Operating Income (NOI) of $58,913.
-
Price: $969,000
-
Occupancy: 100% (Fully Leased)
-
Structure: Classic, low-maintenance brick construction.
-
Unit Mix: All units are high-demand 2-Bedroom / 1-Bathroom configurations.
-
Management: Established professional property management is already in place, making this a truly passive investment from day one.
Strategic Layout & Locations
The portfolio is comprised of three well-maintained buildings across two key locations, offering operational efficiency:
-
Connemara Place (604 & 608): Two buildings situated directly next door to each other. This setup simplifies maintenance and tenant oversight while providing ample parking for all residents.
-
Cave Road (40): A third brick structure that rounds out the portfolio, maintaining the same consistent unit quality and demand.
The Anniston Advantage
Anniston, AL, continues to be a target for investors looking for affordable entry points with strong rental yields. With a 100% occupancy rate, this portfolio demonstrates the consistent demand for quality 2BR housing in the area.
-
Low Maintenance: Durable brick exteriors reduce long-term CAPEX.
-
Cash Flow: Immediate revenue stream with no lease-up period required.
-
Scalability: Perfect as a cornerstone for a new portfolio or a high-yield addition to an existing one.
Property Specifics
-
Addresses: 604 Connemara Place, 608 Connemara Place, and 40 Cave Road, Anniston, AL.
-
Parking: Plenty of off-street parking available at the Connemara location.
-
Financials: Detailed P&L statements and rent rolls are available upon request.
Investment Summary: Stabilized multi-family assets at this price point are rare in the current market. With professional management already handling the heavy lifting, this is a premium opportunity for out-of-state or local investors alike.
Ready to review the numbers? Email, call, or text today for additional financials and to schedule a portfolio overview.
PROPERTY HIGHLIGHTS:
| 3 Building Brick Portfolio | $58,913 Annual NOI | Ample Off-Street Parking | Investment & Income | |
| 100% Occupancy Rate | All 2 Bed / 1 Bath Units | Strong Monthly Cash Flow | ||
| 5.89% Cap Rate | Management Already in Place | Commercial Property |
