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400 Arkadelphia Rd
Hanceville, AL 35077
Mulberry Place Apartments · Multifamily Property For Sale · 41 Units
PROPERTY FACTS
| No. Units | 41 | Lot Size | 4.35 AC |
| Property Type | Multifamily | Building Size | 29,280 SF |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Garden | Year Built | 1970 |
| Building Class | C | Parking Ratio | 2.86/1,000 SF |
| No. Units | 41 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 4.35 AC |
| Building Size | 29,280 SF |
| No. Stories | 1 |
| Year Built | 1970 |
| Parking Ratio | 2.86/1,000 SF |
Unit Amenities
- Air Conditioning
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Kitchen
- Refrigerator
- Carpet
- Lawn
Site Amenities
- Property Manager on Site
- Grill
- Maintenance on site
About 400 Arkadelphia Rd , Hanceville, AL 35077
Value Add Property. 40 Units in an area with very little competition, limited supply and good demand. The owner is absentee and been operating the property for a tax write-off, at a loss, for a number of years. It is now time to sell. The numbers I am presenting are pro-forma as there are around 12 of the 40 units rented at this time. The property can be turned around very quickly under several different scenarios. The list price is a suggested minimum offer. Cash offers are greatly favored. This is a value add deal but there is a great opportunity for a quick turnaround. There is likely sufficient site area to add additional units (subject to purchasers due diligence). The property is located minutes off US Interstate 65 less than an hour's drive north of Birmingham and an hour south of Huntsville. There are around 6,000 students in the College located less than one mile from the property.
PROPERTY TAXES
| Parcel Number | 23-04-20-0-004-021.000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $438,983 |
PROPERTY TAXES
zoning
| Zoning Code | None |
| None |
