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Updated almost 8 years ago on . Most recent reply

Mark Allen's profile image
Mark Allen's profile image
Mark Allen
  • Real Estate Investor/Broker
  • from Irving, TX
  • Member since Sep 8, 2015
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520
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Mark Allen's profile image
Mark Allen's profile image
Mark Allen
  • Real Estate Investor/Broker
  • from Irving, TX
  • Member since Sep 8, 2015
Connect
Mark Allen
  • Real Estate Investor/Broker
  • Irving, TX
263
Votes |
520
Posts
Classifieds

Alabama 66 SFR Portfolio

Mark Allen
  • Real Estate Investor/Broker
  • Irving, TX
Posted

Coming to market with 66 single family rentals that were all just acquired, renovated, and are being leased up outside of Birmingham in Montgomery and Huntsville, Alabama. 

List price of $6.3M.

  • Average vintage is 1966. All renovated upon purchase with a stabilized NOI of $542,000.
  • 9% stabilized cap rate, 12%+ cash-on-cash return and a 20%+ 8-year IRR.
  • Owner willing to subdivide (30 homes or more).
Offering
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