2905 E 12th Ave
Property Description
Investor opportunity to pick up the project where the current owner left off. This multifamily/townhome redevelopment has already seen major improvements completed, including 18 renovated townhome-style units with new windows, roofs, flooring, walls, paint, efficiency-style kitchen sinks, hot water heaters, and studio layouts featuring private showers, toilets, and closets. Property has been rezoned for multifamily/townhome use, and each unit sits on its own permanent foundation. New utilities have been installed allowing each unit to have separate meters. Additional large space on-site offers flexibility for an office, community room, or future laundry facility. Add some attractive landscaping and complete the final touches to maximize the property's potential. Excellent opportunity for strong ROI and high cap rates. Contact listing agent for proforma details and renovation specifics. Property is priced for a quick sale. Property sold as-is. Buyer to verify all information.
Broker Details
MarMac Real Estate Shoals (256) 349-3638
MLS ID: 7911 State License Number: 000164903
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $549,000 |
| No. of Units: | 18 |
| Opportunity Zone: | No |
| Price per unit: | $30,500 |
| Property Website | Click Here |
| Number of Bedrooms: | 0 |
| Number of Bathrooms: | 0 |
ID: 3yd-SHOALSAAR-529141
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