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3800 Governors Dr
Montgomery, AL 36111 Outer South/Airport

Price Upon Request

Apartments For Sale  •  219,496 SF

Property Details

• Property Type Apartments
• Total Building Size 219,496 SF
• Lot Size 10.91 AC
• Building Class C
• Year Built 1971
• Zoning R-75-M

24 Transit Score

38 Walk Score

Highlights

228 total units

60%+ renovated unit interiors

Average rent premium available: $70/unit

Year One offers a high 7% cap rate, with a clear pathway to achieving a fully stabilized 9% cap rate and double-digit yields by Year Two

Heavily renovated asset (over $6.5M total capex – nearly $30k/unit) with all new exteriors, roofs, stairways, mechanicals, electric, plumbing, ETC.

10-minute drive from the Hyundai Manufacturing Plant under 3 miles from major grocery options like, Fresh Market, Publix, Aldi, & Walmart

Amenities

• 24 Hour Access
• Air Conditioning
• Controlled Access
• Courtyard
• Dishwasher
• Microwave
• Property Manager on Site
• Washer/Dryer
• Heating
• Ceiling Fans
• Kitchen
• Refrigerator
• Oven
• Range
• Tub/Shower
• Freezer

Public Transportation

Airport	Drive	Walk	Distance
Montgomery Regional (Dannelly Field)	15 min	-	10.2 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	350
Type:	Surface
Included in Rent:	Yes