12 unit portfolio consisting of a 4 plex and an 8 unit complex. NOI is $81,672 monthly income is $9,840 and expenses are $3,034. Professionally managed and 100% occupied! Mailbox money investment. Well maintained and updated.
Sold for $368,000 on 02/03/25
$368,000
470 Mathas Creek Rd, Cordova, AL 35550
24beds
12,000sqft
MultiFamily
Built in 2013
-- sqft lot
$-- Zestimate®
$31/sqft
$1,741 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,741/mo
Zestimate® history
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Owner options
Explore your selling options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 24
- Bathrooms: 12
- Full bathrooms: 12
Appliances
- Included: Dishwasher, Microwave, Range / Oven, Refrigerator
Features
- Flooring: Tile, Linoleum / Vinyl
- Basement: None
Interior area
- Total interior livable area: 12,000 sqft
Property
Features
- Exterior features: Other
- Has view: Yes
- View description: Mountain
Lot
- Size: 4 Acres
Details
- Parcel number: 621509300000003010
Construction
Type & style
- Home type: MultiFamily
Materials
- Other
- Roof: Metal
Condition
- Year built: 2013
Community & neighborhood
Location
- Region: Cordova
Price history
| Date | Event | Price |
|---|---|---|
| 2/3/2025 | Sold | $368,000-66.5%$31/sqft |
Source: Public Record Report a problem | ||
| 10/1/2024 | Listed for sale | $1,100,000$92/sqft |
Source: Owner Report a problem | ||
| 10/14/2023 | Listing removed | -- |
Source: Owner Report a problem | ||
| 10/10/2023 | Listed for sale | $1,100,000+238.5%$92/sqft |
Source: Owner Report a problem | ||
| 2/24/2023 | Sold | $325,000$27/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,866 -1.8% | $73,160 -1.8% |
| 2023 | $1,899 +15.6% | $74,480 +15.6% |
| 2022 | $1,643 -1.8% | $64,420 -1.8% |
Find assessor info on the county website
Neighborhood: 35550
Nearby schools
GreatSchools rating
- 3/10Sumiton Elementary Middle SchoolGrades: 5-8Distance: 4.1 mi
- 4/10Dora High SchoolGrades: 9-12Distance: 4.2 mi
- 4/10Sumiton Elementary SchoolGrades: PK-4Distance: 4.1 mi
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