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$450,000
Est. payment /mo
6,552 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 6,552 sqft
Price per Sqft $68
MLS Listing ID 21439522
Year Built 1987
Lot Size 0.460 Acres
Property Sub-Type Other
Property Description
Opportunity is knocking!! Acquire a cash flowing 16 unit economy apartment complex offering approximately a 12% cap rate and immediate income potential. This property features simple, functional layouts with low maintenance. Select units have been updated with LVP flooring, new refrigerators, and fresh paint. This property is in a stable rental market with consistent demand making it an ideal acquisition for investors seeking strong returns and reliable occupancy. Call today for your private showing.
Location
State AL
County Calhoun
Area Calhoun County
Interior
Interior Features Sheetrock
Heating Electric (HEAT)
Cooling Window Units
Flooring Partial Carpet, Tile/Vinyl
Exterior
Parking Features 11+
Building
Sewer Connected
Water Public Water
Others
Financing Cash,Conventional
Virtual Tour https://www.propertypanorama.com/instaview/bham/21439522
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Listed by ERA King Real Estate
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