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740 Coliseum Boulevard Montgomery, AL 36109

MLS #: 585493

ResidentialIncome: 

$1000000

740 Coliseum Boulevard
Montgomery, AL 36109 (View Map)

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Description

Presenting a rare opportunity to acquire a fully renovated, high-performing apartment community in the heart of Montgomery. This turnkey asset offers immediate cash flow, long-term stability, and minimal deferred maintenance—making it an ideal addition to any investment portfolio. This property has undergone comprehensive renovations across all units, ensuring modern appeal and operational efficiency. Every unit has been fully updated with contemporary finishes, creating a strong competitive position in the local rental market and supporting premium rents and tenant retention. Major capital improvements have already been completed, including: new plumbing systems, updated electrical throughout, brand new HVAC systems. The asset is currently supported by established local property management, offering seamless day-to-day operations and a smooth transition for new ownership. Investors can step into a professionally managed, stabilized property from day one. Located in a growing rental market, the property benefits from strong demand drivers, including proximity to major employers such as Maxwell Air Force Base, Alabama State University, and Baptist Health, as well as convenient access to retail, dining, and key transportation corridors. This is a rare chance to acquire a low-maintenance, income-producing property in one of Central Alabama’s most stable and accessible markets.

Listing Details

List Agent: Parker Ivey

Phone:334-277-1077

List Office: Partners Realty
Office Phone: 334-277-1077

Details

MLS #: 585493
Listing Price: $1000000
Built: 1986
Heating: Central,Electric
Cooling: CentralAir,Electric
Middle Or Junior School: ,
Architectural Style: TwoStory
Co List Agent Name: Reg Mantooth
Co List Agent MlsId: 96856
Co List Office Name: Partners Realty
Co List Office Phone: 334-277-1077
County Or Parish: Montgomery
Flooring: Plank,Vinyl
Interior Features: EatInKitchen
Laundry Features: WasherHookup,DryerHookup
Levels: Two
Mls Status: Active
Number Of Units Total: 12
Original List Price: 1000000
Parcel Number: 10-02-04-1-001-001.000
Sewer: PublicSewer
Tax Annual Amount: 6208
Tax Legal Description: ALSO 1.5 AC LYING E OF LOTS 1, 2A & 3
Utilities: CableAvailable,ElectricityAvailable,HighSpeedInternetAvailable
Water Source: Public

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