3226 Cathedral Caverns Rd - Apartments FOR SALE


Grant, AL 35747
$2,300,000 USD
256-527-7777
3226 Cathedral Caverns Rd, Grant, AL for Sale
$2,300,000 USD
Apartments - FOR SALE
1/17
null | Request Cap Rate

3226 Cathedral Caverns Rd
Grant, AL 35747


OVERVIEW

Investors and Developers Dream! 17 units including a 1,242sf 3bd/1ba house currently used as an office less than 4 miles from Lake Guntersville and less than a mile from Grant. Heated/cooled community pavilion available for tenants & a fishing pond. Property is 12 acres with room for additional residential apartment units. Zoned county with 12 units currently occupied with 4 available(5 available if you lease the office as future tenant space). 13 units with 2 bd/1ba, 3 units with 1bd/1ba and office unit is 3bd/1ba. 16 units range from 843sf to 945sf. 13 units have single car garage as well as a storm shelter on site. Total leasable space is 15,534sf and extra land to add more income units.

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/SF

$148 USD /SF

# OF UNITS

17

PRICE/UNIT

$135,294

CAP RATE

Request Cap Rate

% LEASED

70%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

PARKING SPACES

-

LAND DETAILS

LAND ACRES

12 AC

LAND SF

522,720 SF

ZONING

County

APN/PARCEL ID

050725-0-000-007000

ASK ABOUT THIS PROPERTY

Russ RussellRuss Russell Commercial Real EstateMore Info
256-527-7777

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Russ RussellRuss Russell Commercial Real EstateMore Info
256-527-7777

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