1057 N Main St - Apartments FOR SALE


Arab, AL 35016
$1,395,000 USD
256-609-2529
1057 N Main St, Arab, AL for Sale
$1,395,000 USD
Apartments - FOR SALE
1/3
null | 5.68% Cap Rate

1057 N Main St
Arab, AL 35016


HIGHLIGHTS

  • 180K spent in CAP EX remodels
  • 12 of 16 units have been remodeled

OVERVIEW

16 Units in Arab, AL Perfect for the savvy Multifamily / Low-Rise/Garden investor, 1057 N Main St offers a prime investment opportunity. This impressive 11,200 SF building houses 16 units with Washer Dryer Hookups, boasting recent CAP EX remodels totaling $180K. With 12 out of 16 units already remodeled, the property presents a compelling value-add potential. The roof, less than 10 years old, adds further appeal to this property built in 1970. Located in the ARAB area, this property epitomizes lucrative investment potential, making it a must-consider opportunity for discerning investors.

FOR SALE DETAILS

PRICE

$1,395,000 USD

PRICE/SF

$125 USD /SF

# OF UNITS

16

PRICE/UNIT

$87,188

CAP RATE

5.68%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Northgate Terrace Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1970

PARKING SPACES

40

LAND DETAILS

LAND ACRES

2 AC

LAND SF

87,120 SF

ZONING

-

APN/PARCEL ID

130614-4-000-089000

ASK ABOUT THIS PROPERTY

Paul McDonaldSVN | AVAT Realty, LLCMore Info
256-609-2529

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Paul McDonaldSVN | AVAT Realty, LLCMore Info
256-609-2529

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.