21 George Investors, and partners, are pleased to announce the recent acquisition of Island House Apartments, a 16-unit apartment complex in Montgomery, AL.
Location: Montgomery, AL
Property Details: 16 units; 1 building
Purchase Price: $525,000
Value Adds: – Implement Superior Asset Management
– Improve Curb Appeal
– Address Deferred Maintenance
– Upgrade Units
– Combine with recently acquired 80-unit property next door to create economies of scale
– Increase Rents
This acquisition brings 21 George Investors’ portfolio to 12 assets totaling 271 units.