NOT LISTED FOR SALE

1495 Bailey St Leighton, AL 35646

4 Beds
4 Baths
3,567 Sq Ft
0.45 Acres Lot

Sale Details

Date Sold: March 22, 2021

Last sale price $100,000 $28 Per Sq Ft

97 Days on Market

About This Home

As of March 2021

This is a great multifamily investment at a low price! Either a beginning property for a novice investor, or a low maintenance one for a seasoned investor. Netting $7,751 annually for the current owner. This property is only 10 minutes from Muscle Shoals and 20 minutes from Florence. Plenty of jobs for your tenants. Pulls in $300 a door currently.

Last Agent to Sell the Property

James Martinez

Elysium Commercial Real Estate LLC License #000116284 Listed on: 09/07/2020

Elysium Commercial Real Estate LLC

Last Buyer's Agent

NON-MLS AGENT

NON-MLS OFFICE

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1985

Lot Details

  • 19,602 Sq Ft Lot
  • Lot Dimensions are 160x80

Home Design

  • Brick Exterior Construction
  • Asbestos Shingle Roof

Interior Spaces

  • 3,567 Sq Ft Home
  • 2-Story Property
  • Carpet

Schools

  • Colbert County Elementary And Middle School
  • Colbert County High School

Utilities

  • Window Unit Cooling System
  • Wall Furnace

Listing and Financial Details

  • Assessor Parcel Number 1206130001026006

Community Details

Overview

  • 4 Units
  • Metes And Bounds Subdivision

Building Details

  • Gross Income $14,400

Property Details

Home Type

Multi-Family

Year Built

Built in 1985

Lot Details

0.45 Acres

Listing Details

  • Lot Dimensions: 160x80
  • Road Frontage Type: City Street
  • Subdivision Name: Metes and Bounds
  • PropertySubType: Multi Family
  • PropertyType: Residential Income
  • Lot Size Acres: 0.45
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Flooring: Carpet, Tile
  • NumberOfBuildings: 1
  • Stories Total: 2

Exterior Features

  • Construction Materials: Brick
  • Roof: Asbestos Shingle, Other
  • Waterfront: No

Garage/Parking

  • Parking Features: Concrete

Utilities

  • Cooling: Window Unit(s)
  • Heating: Electric, Wall Furnace

Schools

  • Middle Or Junior School: Colbert County

Lot Info

  • Parcel Number: 1206130001026006

Building Info

  • Year Built: 1985
  • BuildingAreaTotal: 3567.0

Multi Family

  • GrossIncome: 14400.0
  • OperatingExpense: 6649.0
  • Number Of Units Total: 4

MLS Schools

  • Elementary School: Colbert County
  • HighSchool: Colbert County
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Property History

Date Event Price List to Sale Price per Sq Ft
03/22/2021 03/22/21 Sold $100,000 -18.0% $28 / Sq Ft
12/13/2020 12/13/20 Pending -- -- --
09/07/2020 09/07/20 For Sale $122,000 -- $34 / Sq Ft
Source: Strategic MLS Alliance (Cullman / Shoals Area)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,109 $30,260 $760 $29,500
2024 $1,359 $27,820 $640 $27,180
2023 $1,024 $26,600 $0 $0
2022 $882 $23,780 $0 $0
2021 $889 $23,980 $0 $0
2020 $811 $21,740 $0 $0
2019 $763 $20,360 $0 $0
2018 $763 $20,360 $0 $0
2017 $859 $23,100 $0 $0
2016 $834 $22,340 $0 $0
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Strategic MLS Alliance (Cullman / Shoals Area)

MLS Number: 163903

Strategic MLS Alliance (Cullman / Shoals Area)
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