Island House Pic

New Acquisition

21 George Investors, and partners, are pleased to announce the recent acquisition of Island House Apartments, a 16-unit apartment complex in Montgomery, AL.
Investment Highlights:
Location:                                Montgomery, AL
Property Details:                  16 units; 1 building
Purchase Price:                     $525,000
Status:                                    Stable
Occupancy:                           100%
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.