Park at Monticello — Sale in Montgomery, AL
- Price: Contact for price
- Listing type: For sale
- Asset type: Multifamily Property
- Location: Montgomery, AL 36117
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Description
Built in 1972, the property offers a sizable 112-unit masonry garden-style footprint across 15 buildings in an established Montgomery rental corridor. Investment Highlights: • The Park at Monticello is currently 95.5% occupied, providing investors with immediate in-place cash flow and a stabilized operating base from day one. • The 112-unit community features 24 one-bedroom and 88 two-bedroom units, with an average unit size of 944 square feet and strong appeal to workforce renters • Current vacancy sits at just 4.5%, well below the 14.0% vacancy rate for comparable 1–3 star properties in the surrounding Outer East Montgomery submarket.
Market Context
This multifamily in Montgomery, AL is listed for sale. Compare it against other multifamily listings for sale in Montgomery, AL — view the full market.
Contact
- Lloyd Escue · (205) 510-9132 · lloyd.escue@marcusmillichap.com
- Josh Jacobs · (205) 510-9120 · josh.jacobs@marcusmillichap.com
- Royce Emerson · (205) 510-9122 · royce.emerson@marcusmillichap.com
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