💰 Deals of the Week: Student Housing, Fourplexes & 19-Unit Monsters
55 units across 4 properties with instant equity, conversion potential, and proforma cap rates in the upper 20s.
This week’s lineup features a 16-unit apartment complex near a major university with a brand new roof in an Opportunity Zone with 30%+ proforma yields.
Also on deck: a 16-unit Houston multifamily with laundry and office space ready for conversion into additional income-producing units, priced at just $34K per door.
Then, a fully occupied fourplex delivering immediate cash flow in an Opportunity Zone, with distress sale pricing creating instant equity from closing day.
And finally, a 19-unit apartment building at $13K per door with a 27%+ proforma cap rate, half the units already rehabbed and ready for aggressive value-add operators.
Free readers get the 16-Unit Student Housing breakdown.
Paid subscribers get all four multifamily value-add deals
Passive Cash-Flowing Properties
Buy shares of investment properties, earn rental income & appreciation for anywhere from $100 to $20k — let Arrived take care of the rest.
🏢 16-Unit Student Housing Value-Add
Concrete block complex near the university with a new roof already installed.
Total rehab project in Opportunity Zone = 30%+ yields at stabilization.
🔥 16-Unit Multifamily Conversion Play
Distress sale with laundry/office ready to convert into extra units.
Blank canvas at $34K/door with huge upside potential.
💰 Fully Occupied Fourplex Cash Cow
100% leased property in Opportunity Zone delivering immediate income.
Distress pricing = 20-30% instant equity from day one.
🚀 19-Unit Ultra-High-Yield Monster
$13K/door apartment building with 27%+ proforma cap rate.
Half-rehabbed units + fixable code violations = extreme value-add upside.
613-619 Watts St, Montgomery, AL 36104
$559,900 | 16 units | Apartment Building | 10,152 sqft | 0.31-acre lot
🏚️ Deep Value-Add Multifamily Near University
Built in 1950, this concrete block apartment complex is a total rehab project with massive upside potential.
New roof and fascia already installed, ready for a strategic investor to unlock serious equity in Montgomery’s emerging market.
💡 Pro Tip:
Walking distance to 4-year university = built-in student housing demand.
New architectural shingle roof and fascia already completed by seller.
Opportunity Zone designation = major tax incentives on capital gains.
Alabama has the lowest property taxes in the continental U.S.
💰 Financial Snapshot:
Est. Market Value (ARV): $1,100,000
Current Ask: $559,900 ($34,994/unit)
Tax Assessed Value: $7,540
Lot Size: 0.31 acres
Price per Sqft: $55
Layout: 16 units (2BR+ configurations)
Est. Monthly Rent (Post-Rehab): $950/unit
Pro-Forma Annual Gross Income: $182,400
Est. Gross Yield (Stabilized): ~32%
Current Occupancy: 1%
⚠️ Heads Up:
Total gut rehab required
Verify the condition and scope of work.
Currently, only 1% occupied
C-class asset in R-65-D zoning
🏆 Best For:
Experienced value-add investors with rehab capital and expertise.
Student housing operators seeking turnkey location near campus.
Opportunity Zone investors looking to defer/eliminate capital gains taxes.
Why it works:
Roof and fascia done = immediate risk reduction.
Montgomery’s tourism boom and university demand
96%+ upside potential from current ask to ARV.
Opportunity Zone + lowest property taxes in U.S. = unbeatable tax efficiency.
Pro-forma yields in the 30%+ range at stabilized rents.