24-unit Apartment Complex For Sale

Thought I'd post on the forum before having my agent list it in the MLS.

FOR SALE: 24 unit Apartment Complex in Alexander City, AL. All units are 2BR/1BA, property has a private drive cul-de-sac with 5 individual buildings. Also includes a shop and a storage building. Potential income of $10,800/month @ 100% occupancy.

Sales price: $315,000 OBO

PM for more details.

What's the occupancy rate now?

I just had a fall version of spring cleaning with a mass eviction. The complex is currently at 50% occupancy of actual rent paying tenants. That number will increase as on hand applications are screened and new tenants are added.

Whoever buys it, hook me up so I don’t have to drive so far to CACC 😂

Pm sent

Why the decision to sell?

sent PM

Too many irons in the fire and my dad is dying of cancer. Not enough BCLC to go around at the moment.

Sorry to hear about your Father. I hope the transaction goes well and to a good owner. Wish I was in the position to be interested.

PM sent

I think I've responded to all PM's and emails but in case I missed you please let me know. Thank you for all the interest.

PM Sent

So Sorry to hear about your Father, my wife thinks a lot about your parents. glws

Thanks for the kind words. He had pancreatic cancer and absolutely whipped its butt and was cancer free for nearly 5yrs but this time it came back in his lungs and is Stage 4. The doctors have given him a not so good prognosis but he's a fighter and if he goes down he's gonna go down swinging. I can only hope to be half the man and father he's been.

Cancer sucks! Adding you to my prayer list BCLC

PM sent

PM Sent

I checked my inbox but didn't see a PM from you.

Sorry. Try it now.

Got it. PM headed your way

Interested. email sambe18@aol.com

Wish it was a little closer, would be interested. Any bites ?

PM sent

PM sent

PM sent.

Pm sent

Pm Sent

Adding you and your father to our prayer list. I lost my father to cancer, he was a very important part of my life. Sounds like your father is like mine.

Jerry

Thank you for the prayers Mr.Jerry. I'm so sorry to hear you lost your father to cancer.

JUST TO BE CLEAR - THESE APARTMENTS REQUIRE A GOOD BIT OF WORK AND ARE PRICED ACCORDINGLY - IF IT WAS A TURN KEY PACKAGE AND EVERYTHING WAS PERFECT THE PRICE WOULD BE MORE THAN DOUBLE