BEDS0
BATHS
MLS#21923737
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONJ Lowery Rogers
Property Description
Instant Income-Producing Investment Opportunity! Seize this exceptional opportunity to own a 38-unit apartment complex providing historical occupancy and rental income from day one. This well-maintained property features a desirable unit mix of 31 two-bedroom units with 1½ bath and 7 one-bedroom units with 1 bath appealing to a broad range of tenants. Located in Rainbow City, an economical and residential bright spot within the Gadsden and Etowah County area just minutes from shopping, schools and major interstate access. This apartment complex presents an outstanding opportunity with long-term growth potential.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air
Heating: Central
Lot Size: 1.83 Acres
Year Built: 1976
Feature Descriptions
Appliances: Oven, Refrigerator, W/D Hookup
Cooling Y/N: Yes
Days on Site: 32
Exterior: Curb/Gutters
Fencing: Privacy
Gas: None
Heating Y/N: Yes
Laundry: Washer Hookup
Parcel #: 1509291000012.000
Parking: Private, Lighted, Parking Lot
Parking Total: 42
Patio/Porch: Patio
Sewer: Public Sewer
SQFT Building Total: 28000
Units: 38
Water: Public
Local Schools
High School: Southside High School
Middle School: Rainbow
Elementary School: John S Jones Elementary
Listed By / Shown By
Listed By
Agency Name: Era King Real Estate
Shown By
Agency Title: Crye-Leike Real Estate Services
Agency Phone: 866-253-4666
Source: Huntsville/Valley MLS
Estimate Your Payment
Estimated Payment
$ 5,298.78 per month $4,684.82 Principal & Interest $0.00 Property Tax (data not provided by mls) $613.96 Homeowner's InsuranceChange Payment Information
Crye-Leike is a full-service real estate company founded in Memphis in 1977. Today it is ranked #4 in the nation and the largest real estate company serving markets in Tennessee, Arkansas, Georgia, Mississippi. Crye-Leike has a network of more than 2,800+ licensed sales associates, 600+ staff members and over 130+ branch and franchise offices located throughout a seven state region of Alabama, Arkansas, Florida, Georgia, Kentucky, Mississippi, and Tennessee. Crye-Leike also has a franchise location in Puerto Rico.
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107 Bailey Street | MLS# 21923737
This multi-family property located at 107 Bailey Street, Rainbow City, AL 35906 is currently listed for sale with an asking price of $2,105,000. Search Rainbow City real estate on www.clhomes.com today.