$1,320,000
$1,320,000
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3 Beds
2 Baths
SOLD DATE : 09/30/2022
Key Details
Sold Price $1,320,000
Property Type Multi-Family
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Subdivision Center Point
MLS Listing ID 1329377
Sold Date 09/30/22
Bedrooms 3
Full Baths 2
Year Built 1969
Property Description
Great opportunity to purchase this multifamily property, 24-units currently in the last phase of renovation! With new plumbing and electrical and fixtures as needed. Updates to Kitchens & bathrooms. New Vinyl floors in main living and new carpet in bedrooms. All interior and all exterior paint. Units are large and spacious. Tons of natural light. All units come with new refrigerator and new stove. Structure behind the 1805 building has electricity and water for a laundry room. It has not been set up, as of yet. This room could possibly hold 3 to 4 coin-operated washers and dryers for another revenue stream! 6 units are 1br/1b and 18 units are 2br/1b. New rents at $695 and $795. Currently being leased up. With one new paved parking lot, tons of green space and plenty of parking. Convenient to shopping and businesses. Proforma cap of 9.8% estimate. Reach out for P&L and further information. Income and expenses projected.
Location
State AL
County Jefferson
Area Centerpt, Grayson Valley, Huffman, Roebuck
Interior
Heating Central w/Ind Ctrl(HEAT)
Cooling Central w/Ind Ctrl(COOL)
Flooring Vinyl
Exterior
Garage 2 Spaces per Unit
Building
Foundation Crawl Space
Sewer Connected
Water Public Water
Schools
Elementary Schools Center Point
Middle Schools Erwin
High Schools Center Point
Others
Financing Cash,Conventional
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Bought with Keller Williams Realty Vestavi
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Broker | License ID: 303073
youragentkesha@legacysouthreg.com
240 Corporate Center Dr, Ste F, Stockbridge, GA, 30281, United States