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3226 Cathedral Caverns Rd 17 Unit Apartment Building $2,300,000 ($135,294/Unit) Grant, AL 35747
Executive Summary
Investors and Developers Dream! 17 units including a 1,242sf 3bd/1ba house currently used as an office less than 4 miles from Lake Guntersville and less than a mile from Grant. Heated/cooled community pavilion available for tenants & a fishing pond. Property is 12 acres with room for additional residential apartment units. Zoned county with 12 units currently occupied with 4 available(5 available if you lease the office as future tenant space). 13 units with 2 bd/1ba, 3 units with 1bd/1ba and office unit is 3bd/1ba. 16 units range from 843sf to 945sf. 13 units have single car garage as well as a storm shelter on site. Total leasable space is 15,534sf and extra land to add more income units.
Property Facts
| Price | $2,300,000 | Building Class | C |
| Price Per Unit | $135,294 | Lot Size | 12.00 AC |
| Sale Type | Investment | Building Size | 15,534 SF |
| No. Units | 17 | Average Occupancy | 70% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built/Renovated | 2003/2008 |
| Apartment Style | Garden | ||
| Zoning | County - No zoning restrictions | ||
| Price | $2,300,000 |
| Price Per Unit | $135,294 |
| Sale Type | Investment |
| No. Units | 17 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 12.00 AC |
| Building Size | 15,534 SF |
| Average Occupancy | 70% |
| No. Stories | 1 |
| Year Built/Renovated | 2003/2008 |
| Zoning | County - No zoning restrictions |
Amenities
Unit Amenities
- Cable Ready
- Dishwasher
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Eat-in Kitchen
- Kitchen
- Range
- Tub/Shower
- Carpet
- Yard
- Family Room
- Lawn
- Porch
Site Amenities
- Multi Use Room
- Pond
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 13 | - | 843 |
| 3+1 | 4 | - | 945 - 1,242 |
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 050725-0-000-007000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $93,000 |
Property Taxes
Parcel Number
050725-0-000-007000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$93,000
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3226 Cathedral Caverns Rd
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