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Cobblestone Trace Multifamily Opportunity | 30 Units | 6.5% Cap Rate

Embecca Landing
Oxford, AL 36203
PRICE : $3,995,000
CAP RATE: 6.5%
PROPERTY TYPE: Multifamily
SITE SIZE: 3.00 Acres
UNITS: 30
YEAR BUILT: 2014

Highlights

  • 30-unit apartment community
  • 100% occupancy rate with waiting list
  • 1-3 bedroom townhome style units
  • Units feature patios, garages, hardwood floors, built-in entertainment systems, fully-equipped kitchens, ceiling fans and vaulted ceilings
  • Off-street, covered parking
  • Energy efficient construction
  • Central HVAC and W/D connections in units
  • Excellent location with close proximity to Quintard Mall and the Talladaga Speedway
  • Each unit is individually deeded which can provide an additional exit strategy
  • 80% of the tenants are long term tenants

Description

Bull Realty is pleased to present Cobblestone Trace, a 30-unit, apartment community located in the Oxford submarket of Alabama. Occupancy rates are consistently 100% and provide an excellent opportunity for long-term upside potential.

The property has central heat & air, off-street, covered parking and prestige amenities such as patios, garages, hardwood floors, built-in entertainment systems and high ceilings with fans. Energy efficient construction was used throughout the property as well as in the appliances and fully-equipped kitchens.

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