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3206 AL Highway 117 2 Unit Apartment Building Offered at $250,000 at a 8% Cap Rate Mentone, AL 35984
Investment Highlights
- 1 HOUR FROM THE CHATTANOOGA TN AIRPORT AND 2 HOURS FROM BIRMINGHAM INTERNATIONAL AIRPORT
- 3 ACRES FOR ADDED UPSIDE
- NEW UPDATED UNITS
Executive Summary
Scenic Destination Currently 2 units on 3 acres that can accommodate more units. Owners are doing Hospitality now and are grossing estimated 20k per year. Water is on one meter and power is separate. 1 unit is a container 19x30
including the covered area. Unit 2 is a mini house est 14x30 foot print including the covered area. 3 more homes could be added or 5 more smaller tree house type units
including the covered area. Unit 2 is a mini house est 14x30 foot print including the covered area. 3 more homes could be added or 5 more smaller tree house type units
Property Facts
| Price | $250,000 | Property Type | Multifamily |
| Price Per Unit | $125,000 | Building Size | 2,000 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 8% | Year Built | 2025 |
| No. Units | 2 |
| Price | $250,000 |
| Price Per Unit | $125,000 |
| Sale Type | Investment |
| Cap Rate | 8% |
| No. Units | 2 |
| Property Type | Multifamily |
| Building Size | 2,000 SF |
| No. Stories | 1 |
| Year Built | 2025 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | - | 1,000 |
1 1
Not walkable
10/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 10-07-36-0-000-008.006 | Improvements Assessment | $25,200 |
| Land Assessment | $4,220 | Total Assessment | $29,420 |
Property Taxes
Parcel Number
10-07-36-0-000-008.006
Land Assessment
$4,220
Improvements Assessment
$25,200
Total Assessment
$29,420
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3206 AL Highway 117
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