$420,000
$465,000
9.7%For more information regarding the value of a property, please contact us for a free consultation.
6 Beds
3 Baths
SOLD DATE : 03/04/2021
Key Details
Sold Price $420,000
Property Type Multi-Family, Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Subdivision None
MLS Listing ID 892771
Bedrooms 6
Full Baths 3
Year Built 1964
Property Description
10.27% cap rate (2020 year to date) and White Plains school district highlight this unique investment opportunity. 11 apartments (Eight 2BR/1BA and three 1BR/1BA) total in 3 separate structures. Also included is a 3BR/1BA single family full brick home w/in-ground pool and a concrete pad with electricity run to it. An additional approximately 3.5 acres available to build on. Great business opportunity. All units are rented. All 3 apartment buildings have metal roofs that are less than 5 years old. Expenses were 1.09% for 2019, and cap rate was 8.81%. Property is in Golden Springs area, but White Plains school district. All properties are on well water. One separate well for home and another well for the 3 apartment buildings. Contact agent for virtual tour links.
Location
State AL
County Calhoun
Area Calhoun County
Interior
Heating Central Control (HEAT), Electric (HEAT), Gas Heat, Heat Pump (HEAT), Individual Units (HEAT)
Cooling Attic, Ceiling Fans, Central Control (COOL), Electric (COOL), Gas (COOL), Heat Pump (COOL), Individual Units (COOL)
Flooring Laminate, Some Hardwood, Tile, Vinyl, Wall-to-Wall Carpet
Exterior
Garage 2 Spaces per Unit
Building
Foundation Crawl Space, Slab
Sewer Septic
Water Well Water
Schools
Elementary Schools White Plains
Middle Schools White Plains
High Schools White Plains
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Agent | License ID: 119764