Based on listing price this property is a 12% cap. rate. This is a wonderful investment opportunity. 2 brick 8 plexes (16) units total. One of 2 apartment complexes in the area that is non income based. The owner is currently doing a complete interior renovation on 2 units. Once complete the rent will be 500.00 to 525.00 All of the units have been well cared for with long term tenants. The complex is located within walking distance to wal mart, banks, restaurants, schools, and more. The buildings sit on 2 shady acres of land.
Off market
$1,309,400
1057 N Main St, Arab, AL 35016
--beds
0baths
--sqft
MultiFamily
Built in ----
-- sqft lot
$1,309,400 Zestimate®
$--/sqft
$1,051 Estimated rent
What's special
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$1,309,400
2% more+ $26,188
With Zillow Showcase(estimated)
$1,335,588