$1,899,990

Estimated payment $11,936/month

Total Views 2,232
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

About This Home

Exceptional value-add investment opportunity featuring a 50-unit apartment complex across 7 buildings occupying an entire city block with road frontage on four sides. Prime location next to the elementary and middle schools and just steps from the community pool and tennis courts, making this an attractive future rental location for tenants. Investor special with tremendous upside potential. Current owner vacated all units in preparation for a large-scale renovation project; however, unexpected circumstances have created an opportunity for a new investor to step in and complete the vision. Property is priced for a quick sale. With multiple new companies and continued growth coming to the area, this property offers strong potential for future cash flow, appreciation, and high cap rates once renovations are completed. Contact listing agent for proforma details, scope of work, and previous rental income information prior to vacancy. Property sold as-is. Buyer to verify all information.

Listing Agent

Melissa Goduti

MarMac Real Estate - The Shoals License #000164903 Listed on: 05/28/2026

MarMac Real Estate - The Shoals

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $19,013

Year Built

  • Built in 1950

Schools

  • Sheffield Elementary And Middle School
  • Sheffield High School

Community Details

  • No Home Owners Association
  • 50 Units
  • Sheffield Community
  • Sheffield Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0708281005026000

Property Details

Home Type

Condominium

Est. Annual Taxes

$19,013

Year Built

Built in 1950

Lot Details

3.67 Acres

Listing Details

  • Lot Dimensions: 400 x 400
  • Subdivision Name: Sheffield
  • PropertySubType: Apartment
  • PropertyType: Residential Income
  • Lot Size Acres: 3.67
  • MLS Status: Active
  • Multiple_Level_YN: 1
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Basement YN: No

Exterior Features

  • Waterfront: No

Utilities

  • Sewer: Public Sewer

Condo/Co-op/Association

  • Association: No
  • Planned Community Name: Sheffield

Schools

  • Middle Or Junior School: Sheffield

Lot Info

  • Parcel Number: 0708281005026000

Building Info

  • Year Built: 1950

Multi Family

  • Tenancy: Multiple Tenants
  • Number Of Units Total: 50

Tax Info

  • Year: 2025
  • Tax Annual Amount: 19012.77

MLS Schools

  • Elementary School: Sheffield
  • HighSchool: Sheffield

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $19,013 $369,180 $18,720 $350,460
2024 $19,013 $205,100 $18,720 $186,380
2023 $10,563 $205,100 $0 $0
2022 $9,779 $189,880 $0 $0
2021 $8,915 $173,100 $0 $0
2020 $8,128 $157,820 $0 $0
2019 $7,994 $157,820 $0 $0
2018 $7,994 $0 $0 $0
2017 $8,038 $156,080 $0 $0
2016 $8,038 $156,080 $0 $0
2013 -- $0 $0 $0
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
05/28/2026 05/28/26 For Sale $1,899,990 -- --
Source: Strategic MLS Alliance (Cullman / Shoals Area)

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Deed -- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Open $760,000 New Conventional
Source: Public Records

Source: Strategic MLS Alliance (Cullman / Shoals Area)

MLS Number: 529156

Strategic MLS Alliance (Cullman / Shoals Area)
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