$1,900,000
$2,105,000
9.7%For more information regarding the value of a property, please contact us for a free consultation.
107 Bailey Street Rainbow City, AL 35906
1.83 Acres Lot
Key Details
Sold Price $1,900,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Subdivision J. Lowery Rogers
MLS Listing ID 21923737
Sold Date 10/09/26
HOA Y/N No
Year Built 1976
Lot Size 1.830 Acres
Acres 1.83
Property Sub-Type Apartment
Source Valley MLS
Property Description
Instant Income-Producing Investment Opportunity! Seize this exceptional opportunity to own a 38-unit apartment complex providing historical occupancy and rental income from day one. This well-maintained property features a desirable unit mix of 31 two-bedroom units with 1½ bath and 7 one-bedroom units with 1 bath appealing to a broad range of tenants. Located in Rainbow City, an economical and residential bright spot within the Gadsden and Etowah County area just minutes from shopping, schools and major interstate access. This apartment complex presents an outstanding opportunity with long-term growth potential.
Location
State AL
County Etowah
Direction From Gadsden Mall, Drive 411 S Towards Rainbow City. Turn Right Onto Hollingsworth Ave, Right Onto Wren Ave, Property On The Left.
Interior
Heating Central
Cooling Central Air
Fireplace No
Appliance Oven, Refrigerator, W/D Hookup
Laundry Washer Hookup
Exterior
Exterior Feature Curb/Gutters
Porch Patio
Total Parking Spaces 42
Building
Sewer Public Sewer
Water Public
New Construction No
Schools
Elementary Schools John S Jones Elementary
Middle Schools Rainbow
High Schools Southside High School
Others
Tax ID 1509291000012.000
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Copyright
Based on information from North Alabama MLS.
Bought with Era King Real Estate
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