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USAALTuskegee704 Washington Chapel Terrace Court
704 Washington Chapel Terrace Court, Home with 0 bedrooms, 0 bathrooms and null parking in Tuskegee AL | Image 1
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$3,900,000

704 Washington Chapel Terrace Court, Tuskegee, AL

Real Estate

For Sale

$--,---,---
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  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Residential Income
Size -
Garage No
Maintenance Fees 
Taxes $15,677
Days Active 32
Approx. Age 1974
MLS® Number 576338

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

These newly renovated mid-term rentals are located within a mile from Tuskegee University. The property receives above market rents due to the proximity to university. Currently being used for student housing. Being rented by the bed, not by the door. Value add opportunity. This property has historically remained 95% occupied. With on site property management, and security. Premium interior/exterior finishes make this a highly sought after property, especially among students. This is a rare opportunity to acquire an asset with a CAP rate just below 8%. In today's rate environment this is above where many other multifamily deals are trading. At full occupancy this property has the potential to bring $450, 000 in annual rental revenue.Show Description
MLS® Number576338
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1974
Stories
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatCentral, Gas
A/CCentral Air, Electric
Heating Fuel

Extras

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