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$ 500,000
Est. payment | /mo
2 Beds
1 Bath
$ 500,000
Est. payment | /mo
2 Beds
1 Bath
Key Details
Property Type Multi-Family
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision Jasper
MLS Listing ID 21441236
Bedrooms 2
Full Baths 1
Year Built 1980
Property Sub-Type Apartment
Property Description
Cash-Flowing 8-Unit Apartment Complex in Jasper, Alabama – Turnkey and Ready to Go! Professionally managed 8-unit apartment complex with room for value add. All units are spacious 2 bed / 1 bath, 1,000 sq. ft. each. Rents are currently $800 per month, and as tenants cycle out and the units are refreshed, we're increasing them to $850+ — building in immediate upside for the next owner. With a mix of Section 8 and regular tenants, the apartments stay at a 90% or higher occupancy rate. Walker County has a rental shortage and a large demand for Section 8 rentals. The property is clean, updated, and consistently maintained. Water and dumpster service are paid by the owner, with everything else handled by professional management already in place. This means zero headaches and steady cash flow from day one. Whether you're a local investor looking to expand your portfolio or a first-timer wanting a turnkey opportunity, this property delivers strong returns and room for even more growth.
Location
State AL
County Walker
Area Jasper
Interior
Heating Electric (HEAT), Heat Pump (HEAT), Individual Units (HEAT)
Cooling Ceiling Fans, Electric (COOL), Individual Units (COOL)
Flooring Vinyl
Exterior
Parking Features Other
Building
Foundation Slab
Sewer Connected
Water Public Water
Schools
Elementary Schools West Jasper
Middle Schools Maddox
High Schools Jasper
Others
Financing Conventional
Virtual Tour https://www.propertypanorama.com/instaview/bham/21441236
Listed by RealtySouth The Harbin Company
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Michelle S. Davenport
Marketing & Operations Manager | Birmingham Agent | License ID: 139050