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LIONS PLACE
The construction of Lion’s Place began in the Summer of 06’ to meet the increasing demand of student housing for
the University of North Alabama. Lion’s Place is a boarding style development. Upon the construction of each
accommodating and provides free on demand shuttle service to and from the University. The University continues
to increase it’s enrollment putting more demand on the housing market and as a result monthly rents continue to
rise in our area.
Location: Florence, Alabama Located just outside city limits. Only 4 minutes to the University.
Size: Each building 1,660 s.f.
Construction: Frame with brick exteriors
Climate Control: Central Heat and Air.
Units: Each of the four units per building has 1 bedroom and one full bath.
Shared area: Each building has a laundry room, kitchen and living room.
Sales price for all 10 buildings club house with pool and enough land for 20 more homes. $1,550,000
Annual Revenue 156,000 100% occupied
Expenses:
Property Tax $9,000
Insurance $4,200
Lawn Maintenance $3,060
Misc. expenses $3,000
Management $12,480
Total Expenses (31,740)
NET INCOME $124,260
Owner will consider financing with $300,000 down 7.00% 30 year amortization 2 year balloon.
the University of North Alabama. Lion’s Place is a boarding style development. Upon the construction of each
accommodating and provides free on demand shuttle service to and from the University. The University continues
to increase it’s enrollment putting more demand on the housing market and as a result monthly rents continue to
rise in our area.
Location: Florence, Alabama Located just outside city limits. Only 4 minutes to the University.
Size: Each building 1,660 s.f.
Construction: Frame with brick exteriors
Climate Control: Central Heat and Air.
Units: Each of the four units per building has 1 bedroom and one full bath.
Shared area: Each building has a laundry room, kitchen and living room.
Sales price for all 10 buildings club house with pool and enough land for 20 more homes. $1,550,000
Annual Revenue 156,000 100% occupied
Expenses:
Property Tax $9,000
Insurance $4,200
Lawn Maintenance $3,060
Misc. expenses $3,000
Management $12,480
Total Expenses (31,740)
NET INCOME $124,260
Owner will consider financing with $300,000 down 7.00% 30 year amortization 2 year balloon.
