NOT LISTED FOR SALE

151 3rd Ave Odenville, AL 35120

16 Beds
16 Baths
8,800 Sq Ft
2009 Built

Last Sold November 22, 2023

Last sale price $850,000 $97 Per Sq Ft

5 Days on Market

Highlights

  • Vinyl Flooring
  • Heating Available
  • 3-minute walk to Odenville City Park

About This Home

As of November 2023

Calling all investors! Here is your chance to acquire a fully renovated, brick structure apartment complex that is fully occupied with room to increase rents!! Asking price reflects an 8.5% cap rate with the opportunity to achieve a 10%+ cap rate after slightly bumping rental rates! This apartment complex currently generates a net profit of $76,276/year (Trailing 12 and supporting documentation available upon request). There's room to bump rents that will increase the annual net profit amount to approximately $85,336/year. Happy to share all supporting documentation and discuss figures with interested and qualified investors! Apartment Complex Details; 8 Units (All 2BR/2BA/1,100sqft), All units updated in 2022, All Brick, All Electric, Separately metered, Washer/Dryer connection, Hardwood Floors throughout, LVP in bedrooms. Agents welcome! 2.5% to Selling Agent.

Last Agent to Sell the Property

Noor Casanova

Casanova Realty Group Listed on: 08/28/2023

Last Buyer's Agent

Sandy Nguyen (Binh)

Goal Realty LLC

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $3,764

Year Built

  • Built in 2009

Home Design

  • Brick Exterior Construction

Flooring

  • Laminate
  • Vinyl

Basement

  • Crawl Space

Schools

  • Odenville Elementary And Middle School
  • St Clair County High School

Utilities

  • Heating Available
  • Electric Water Heater

Listing and Financial Details

  • Tenant pays for all utilities (tenant)

Community Details

Overview

  • 8 Units

Building Details

  • Operating Expense $5,864
  • Gross Income $82,140

Property Details

Home Type

Apartment

Est. Annual Taxes

$3,764

Year Built

Built in 2009

Lot Details

0

Listing Details

  • Class: MULTIFAMILY
  • Down Payment Assistance: No
  • Property Type: Apartment
  • Year Built Description: Existing
  • Year Built: 2009
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 2009

Interior Features

  • Floors: Laminate, Vinyl

Exterior Features

  • Construction: Brick
  • Foundation: Crawl Space
  • Water Heater: Electric (WTRHTR)

Garage/Parking

  • Parking: 2 Spaces per Unit

Utilities

  • Heating: Electric (HEAT)
  • Cooling: Electric (COOL)
  • Sewer/Septic System: Connected
  • Water: Public Water

Condo/Co-op/Association

  • Total Units: 8

Lot Info

  • Assessor Parcel Number: 16-07-35-0-005-017.000

Rental Info

  • Tenant Pays: All Utilities (TENANT)

Tax Info

  • Tax District: COUNTY
  • Annual Tax: 3764

Multi Family

  • Expenses: 5864
  • Gross Income: 82140

MLS Schools

  • Elementary School: ODENVILLE
  • High School: ST CLAIR COUNTY
  • Jr Middle School: ODENVILLE

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/22/2023 11/22/23 Sold $850,000 -5.5% $97 / Sq Ft
08/28/2023 08/28/23 For Sale $899,500 -- $102 / Sq Ft
Source: Greater Alabama MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Noor Casanova

    Seller's Agent in 2023

    Noor Casanova

    Casanova Realty Group

    (205) 527-1250

    2 in this area

    45 Total Sales

    Noor Casanova
    Section Image
  • Sandy Nguyen (Binh)

    Buyer's Agent in 2023

    Sandy Nguyen (Binh)

    Goal Realty LLC

    (205) 253-2500

    2 in this area

    254 Total Sales

    Sandy Nguyen (Binh)
    Section Image
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Map

Source: Greater Alabama MLS

MLS Number: 21364012

Greater Alabama MLS
Alabama St Clair County Odenville 35120

151 3rd Ave, Odenville, AL

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