1057 N Main St, Arab, AL 35016

Based on listing price this property is a 12% cap. rate. This is a wonderful investment opportunity. 2 brick 8 plexes (16) units total. One of 2 apartment complexes in the area that is non income based. The owner is currently doing a complete interior renovation on 2 units. Once complete the rent will be 500.00 to 525.00 All of the units have been well cared for with long term tenants. The complex is located within walking distance to wal mart, banks, restaurants, schools, and more. The buildings sit on 2 shady acres of land.