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6270 Aquarius Drive 6270 Aquarius Dr

4 Unit Apartment Building $637,861 CAD ($159,465 CAD/Unit) Alpine, AL 35014

Investment Highlights

  • 4 Unit Income-Producing Quadplex in Alpine, Alabama
  • Three units have 2 bedrooms and 2 bathrooms, while one unit features 2 bedrooms and 3 bathrooms
  • Close to Lake Logan Martin, Alpine Bay Golf Course, Cheaha Mountain and the Talladega National Forest
  • Recent updates to the property include new plumbing, sewer system, kitchens, and floor coverings, with all units freshly painted throughout.

Executive Summary

This Income-Producing 4 unit Quadplex in Alpine, AL is a fantastic investment opportunity, offering a blend of peaceful rural living, modern amenities, and strong income potential. Situated off Hwy 235 in a quiet rural area. Close to numerous recreational opportunities, including:Lake Logan Martin: A 17,000-acre reservoir ideal for water activities. Alpine Bay Golf Course: An 18-hole, par 5 course designed by Robert Trent Jones Sr. The quadplex is just 13 miles from Talladega, near Cheaha Mountain and the Talladega National Forest, and only 44 miles from Birmingham, with I-20 access just 16 miles away. Nearby YMCA Camp Cosby offers various recreational activities for all ages. The quadplex consists of four units, three of which have 2 bedrooms and 2 bathrooms, while one features 2 bedrooms and 3 bathrooms. Each unit offers spacious living rooms with serene views of the surrounding woodlands, creating a relaxing atmosphere for tenants. Recent updates to the property include new plumbing, sewer system, kitchens, and floor coverings, with all units freshly painted throughout. Currently cash-flowing with high demand due to modern updates and attractive layout. Given the strong local real estate market and proximity to growing areas, this property holds excellent potential for long-term appreciation, making it a sound investment. Whether you're looking to expand your portfolio or enter a flourishing market, this updated and cash-flowing quadplex is a great choice for any investor.

Property Facts

Price $637,861 CAD
Price Per Unit $159,465 CAD
Sale Type Investment
Sale Conditions 1031 Exchange
No. Units 4
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class C
Lot Size 0.50 AC
Building Size 25,000 SF
Average Occupancy 100%
No. Stories 2
Year Built/Renovated 1973/2024

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+2 3 $1,559 CAD 1,281
2+3 1 $1,559 CAD 1,281

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 11-07-26-0-001-238.002
  • 11-07-26-0-001-238.003
  • 11-07-26-0-001-238.004
  • 11-07-26-0-001-238.005
Land Assessment
$4,482 CAD
Improvements Assessment
$344,225 CAD
Total Assessment
$348,708 CAD
  • Listing ID: 33436551

  • Date on Market: 2024-10-07

  • Last Updated:

  • Address: 6270 Aquarius Dr, Alpine, AL 35014

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