2905 E 12th AveSheffield, AL 35660

Description

Investor opportunity to pick up the project where the current owner left off. This multifamily/townhome redevelopment has already seen major improvements completed, including 18 renovated townhome-style units with new windows, roofs, flooring, walls, paint, efficiency-style kitchen sinks, hot water heaters, and studio layouts featuring private showers, toilets, and closets. Property has been rezoned for multifamily/townhome use, and each unit sits on its own permanent foundation. New utilities have been installed allowing each unit to have separate meters. Additional large space on-site offers flexibility for an office, community room, or future laundry facility. Add some attractive landscaping and complete the final touches to maximize the property's potential. Excellent opportunity for strong ROI and high cap rates. Contact listing agent for proforma details and renovation specifics. Property is priced for a quick sale. Property sold as-is. Buyer to verify all information.

Property Information

Property type

Residential Income

Stories

1

Lot size

1.32 acres

Lot dimensions

300 x 192

Zoning

M1

Days on market

133

MLS^® Listing#

529141

Property Features

Sewer

Public Sewer

Schools

Elementary

Sheffield

Middle

Sheffield

High

Sheffield

Financial Details

HOA

None

Annual taxes

$404

Parcel number

07-09-29-4-007-001.000

Directions

From Downtown Sheffield, head east on 2nd Street, turn left onto Montgomery Ave., then right onto E. 12th Ave. Property will be on the left at 2905 E. 12th Ave.