534 Rosa L Parks Avenue $4,200,000


    534 Rosa L Parks Avenue Montgomery, AL 36108

    • 0 Beds
    • 0 Baths
    • Multi-Family
    • MLS# 544526
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    Views: 31 Days On Site: 37

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    Property Details

    Great income producing investment for this completely renovated, 60-unit apartment complex! This 60 unit complex consists of 49- 2 bedroom units and 11-3 bedroom units with a pro-forma gross rent of $63,300 per month or over $759,000 per year. Property is 90% occupied! Property was completely renovated in 2020. The apartments have appliances, updated electrical, updated plumbing to the street, heating & air in all units, and new tank-less hot water heaters. Property has state-of-the-art security features such as an electronic security gate and security surveillance. Property is fully fenced, and the security cameras have a direct link to the Montgomery police department 24/7. Complex is located within minutes of many historical attractions in the downtown Montgomery area & easy access to public transportation. Montgomery was named the #1 historical city in the United States by USA Today in 2014 and was listed on the NY Times list of "50 places you must visit before you die" The apartments are also located near the nationally acclaimed Equal Justice and Freedom museum and monument which was opened in 2018 and attracted over 600,000 visitors in the first years. A $90 million whitewater park has been completed in 2023 and is near the apartments and will attract many more visitors. Previous contractor/owner moved onsite to personally supervise the complete renovation of this amazing project, and the quality of the construction is exceptional and first-class. Apartments would be ideal for AirBnb opportunities because of proximity to tourism attractions or can be a solid income producing investment property with long-term tenants.

    • General Features
      • Waterfront Y/N false
      • Year Built 1960
      • New Construction Y/N false
      • Association Y/N false
    • Building Features
      • Appliances Electric Range, Refrigerator
      • Foundation Details Slab
      • Cooling Window Unit(s)
      • Cooling Y/N true
      • Interior Features KitchenDiningCombo
      • Number Of Units Total 60
    • Property Features
      • Utilities Electricity Available, High Speed Internet Available
      • Sewer Public Sewer
    • Schools
      • Middle Or Junior School ,


    Pat Watkins

    Pat Watkins


    RE/MAX Tri-Star

    Cell: 334-799-6739


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    Property History

    Date Event Price Percent Change
    -- Current Price Source: Multiple Listing Service New Value: $4,200,000
    8/19/2023 7:16:00 PM New in Database Source: Multiple Listing Service New Value: $4,200,000

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    Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.