107 Bailey Street, Rainbow City, AL 35906
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107 Bailey Street, Rainbow City, AL 35906
107 Bailey Street, Rainbow City, AL 35906
107 Bailey Street, Rainbow City, AL 35906
107 Bailey Street, Rainbow City, AL 35906
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Blake Johnson

Blake Johnson

+1(256) 497-4129
$ 2,105,000
Est. payment /mo
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107 Bailey Street Rainbow City, AL 35906

1.83 Acres Lot

UPDATED:

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Subdivision J. Lowery Rogers

MLS Listing ID 21923737

HOA Y/N No

Year Built 1976

Lot Size 1.830 Acres

Acres 1.83

Property Sub-Type Apartment

Source Valley MLS

Property Description

Instant Income-Producing Investment Opportunity! Seize this exceptional opportunity to own a 38-unit apartment complex providing historical occupancy and rental income from day one. This well-maintained property features a desirable unit mix of 31 two-bedroom units with 1½ bath and 7 one-bedroom units with 1 bath appealing to a broad range of tenants. Located in Rainbow City, an economical and residential bright spot within the Gadsden and Etowah County area just minutes from shopping, schools and major interstate access. This apartment complex presents an outstanding opportunity with long-term growth potential.

Location

State AL

County Etowah

Direction From Gadsden Mall, Drive 411 S Towards Rainbow City. Turn Right Onto Hollingsworth Ave, Right Onto Wren Ave, Property On The Left.

Interior

Heating Central

Cooling Central Air

Fireplace No

Appliance Oven, Refrigerator, W/D Hookup

Laundry Washer Hookup

Exterior

Exterior Feature Curb/Gutters

Porch Patio

Total Parking Spaces 42

Building

Sewer Public Sewer

Water Public

New Construction No

Schools

Elementary Schools John S Jones Elementary

Middle Schools Rainbow

High Schools Southside High School

Others

Tax ID 1509291000012.000

Valley MLS / North Alabama MLS
Copyright
Based on information from North Alabama MLS.
Listed by Era King Real Estate
Blake Johnson

Blake Johnson

Owner / Agent | License ID: JW10852

+1(256) 497-4129

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107 Bailey Street