8
See all 8 photos
$449,900
Est. payment /mo
6 Beds
4.5 Baths
Active
301 ELMWOOD AVE Gadsden, AL 35903
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Key Details
Property Type Multi-Family
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
Financing Cash,Owner Held Mortgage
Virtual Tour https://www.propertypanorama.com/instaview/bham/21432612
Listed by Impact Realty LLC
Learn More About LPT Realty