NOT LISTED FOR SALE

2803 2nd St Rainbow City, AL 35906

56 Beds
56 Baths
28,532 Sq Ft
1980 Built

Last Sold June 01, 2018

Last sale price $970,000 $34 Per Sq Ft

47 Days on Market

Highlights

  • Central Heating and Cooling System
  • John S. Jones Elementary School Rated A-
  • Wall to Wall Carpet

About This Home

As of June 2018

28 units in 7 low buildings just down the street from Gadsden Country Club. New roof on all units in 2016 and a low maintenance vinyl siding exterior. All units are 2 story units with Living Room, Kitchen, 1/2 bath & washer/dryer connections on main level and 2 bedrooms and one bath on the 2nd level.

Last Agent to Sell the Property

Jared Flake

Crest Valuation Realty, Inc. Listed on: 02/23/2018

Last Buyer's Agent

MLS Non-member Company

Birmingham Non-Member Office

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $6,608

Year Built

  • Built in 1980

Home Design

  • Slab Foundation
  • Siding

Flooring

  • Wall to Wall Carpet
  • Laminate

Basement

  • Crawl Space

Utilities

  • Central Heating and Cooling System
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for cable/tv connect (tenant), electric (tenant), gas (tenant), hot water (tenant)
  • The owner pays for trash collection (owner), water/sewer (owner)

Community Details

Overview

  • 28 Units

Pet Policy

  • Pets Allowed

Building Details

  • Operating Expense $62,700
  • Gross Income $163,000

Property Details

Home Type

Apartment

Est. Annual Taxes

$6,608

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Class: MULTIFAMILY
  • Property Type: Apartment
  • Year Built Description: Existing
  • Year Built: 1980
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1980

Interior Features

  • Floors: Laminate, Wall-to-Wall Carpet
  • Miscellaneous: Pets Allowed

Exterior Features

  • Construction: Siding
  • Foundation: Crawl Space, Slab
  • Water Heater: Individual Control, Gas (WTRHTR)

Garage/Parking

  • Parking: 2 Spaces per Unit

Utilities

  • Heating: Central w/Ind Ctrl(HEAT)
  • Cooling: Central w/Ind Ctrl(COOL)
  • Sewer/Septic System: Connected
  • Water: Public Water

Condo/Co-op/Association

  • Total Units: 28

Lot Info

  • Assessor Parcel Number: 31-15-09-29-1-000-045.000

Rental Info

  • Owner Pays: Trash Collection (OWNER), Water/Sewer (OWNER)
  • Tenant Pays: Cable/TV Connect (TENANT), Electric (TENANT), Gas (TENANT), Hot Water (TENANT)

Tax Info

  • Tax District: GADSDEN
  • Annual Tax: 6608

Multi Family

  • Expenses: 62700
  • Gross Income: 163000

Range of Values:

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Value Increase
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Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
06/01/2018 06/01/18 Sold $970,000 -13.8% $34 / Sq Ft
02/23/2018 02/23/18 For Sale $1,125,000 -- $39 / Sq Ft
Source: Greater Alabama MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2018

    Jared Flake

    Crest Valuation Realty, Inc.

    (205) 223-4202

    9 Total Sales

    Jared Flake
    Section Image

  • M

    Buyer's Agent in 2018

    MLS Non-member Company

    Birmingham Non-Member Office

See All Agents

Map

Source: Greater Alabama MLS

MLS Number: 807943

Greater Alabama MLS
Alabama Etowah County Rainbow City 35906

2803 2nd St, Rainbow City, AL

Not Listed for Sale

MultiFamily

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