Under LOI | Sylacauga, AL | 54 Units

INVESTMENT SUMMARY

Year Built:
1958
Total SF:
49,440 SF
Total Units:
54
Occupancy:
93%
Avg Unit Size (SF):
926 SF
Avg Rent / Unit:
$537
Avg Rent / SF:
$0.59

Contact

Micah Dodd | mdodd@rockadvisors.com | 205.458.8021
Donald Gambril | dgambril@rockadvisors.com | 205.458.8110
600 S Broadway Ave, Sylacauga, , AL, 35150
To access the password-protected files below, you must submit a confidentiality agreement.
  • The Oaks_OM
  • Oaks 2016 & 2017 P & L
  • Rent Roll 3-31-19
  • Rent Roll 3-31-19
  • Oaks 2018
  • Oaks 2018 P&L
  • Oaks 2016 & 2017 P & L

INVESTMENT HIGHLIGHTS

Strong Income Trend

  • 32% increase in revenue from 2016-2018
  • Opportunity to bring legacy leases to market rate
  • Newly implemented other income charges poised to increase NOI >$200/unit annually

Newly Renovated Interior & Exterior

  • Exterior renovated in 2016
  • 74% of interiors are renovated
  • Fresh landscaping & striped parking lot

Desirable Characteristics

  • Units individually metered for all utilities
  • Popular townhouse style units
  • Onsite leasing office & laundry facility

Easy Access to Downtown and Employers

  • One mile from downtown Sylacauga
  • Close proximity to major employers
  • Easy access to Hwy 280

Free & Clear

  • The Oaks will be delivered free & clear