6270 Aquarius Drive 6270 Aquarius Dr 4 Unit Apartment Building $624,249 CAD ($156,062 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 | $624,249 CAD |
| Price Per Unit | $156,062 CAD |
| Sale Type | Investment |
| Sale Condition | 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 | $1,526 CAD | 1,281 |
| 2+3 | 1 | $1,526 CAD | 1,281 |
1 of 1
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $349,848 CAD | |
| Land Assessment | $4,556 CAD | Total Assessment | $354,403 CAD |
