301 ELMWOOD AVE Active Save Request In-Person Tour Request Virtual Tour
Gadsden,AL 35903
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision Metes & Bounds
MLS Listing ID 21432612
Bedrooms 6
Full Baths 4
Half Baths 1
Year Built 1940
Property Sub-Type Apartment
Property Description
An investment opportunity awaits with this income-producing featuring 3 single family rental homes and a fully occupied 4-plex all situated on a commercial zoned parcel in a prime, high-visibility location. Each of the three rental homes have central heat and air. The 4-plex includes three 1-bedroom 1-bathroom and one 2 bedroom 1.5 bathrooms. Currently generating a solid rent roll of $3,625.00 per month. All units occupied 100% with long term tenants 5 are overdue for a rent increase. Property is strategically located within 1/2 mile from 2 shopping centers one with Walmart Super Store, 15 restaurants, Gadsden Regional Hospital, new Takkion plant, and 2 large automobile dealerships.
Location
State AL
County Etowah
Area Out Of Area
Interior
Heating Central w/Ind Ctrl(HEAT),Electric (HEAT),Gas Heat
Cooling Central Control (COOL),Electric (COOL),Individual Units (COOL),Window Units (COOL)
Flooring Laminate,Some Hardwood,Tile,Vinyl
Exterior
Parking Features 2 Spaces per Unit,Garage
Building
Foundation Crawl Space
Sewer Connected
Water Public Water
Schools
Elementary Schools Adams
Middle Schools Gadsden
High Schools Gadsden City
Others
Virtual Tour https://www.propertypanorama.com/instaview/bham/21432612