Cash-flow machine! This 6-unit building is 100% occupied at $3,500 per month. Add that to very low property tax and insurance costs and you are left with a nice cash flowing property. No need to worry about Capital Expenditure as most have been completed within the last 5 years: New roof, windows, vinyl siding, plumbing, appliances, & window units.
All units are separately metered with tenants paying their own utilities. 5 of the units rent for $600 per month and 1 unit rents for $500 per month.
Owner will consider seller-financing with a 20% down payment
Sold for $300,000 on 01/30/25
$300,000
500 Annapolis Ave, Sheffield, AL 35660
--beds
--baths
--sqft
Multi Family, Apartment
Built in 1920
-- sqft lot
$309,600 Zestimate®
$--/sqft
$-- Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: January 31, 2025 at 07:51am
Listed by:
Ben Wright,
EXIT River City Realty
Bought with:
Marmac Real Estate - The Shoals
Source: Strategic MLS Alliance,MLS#: 519525
Facts & features
Interior
Features
- Has basement: No
Property
Lot
- Size: 7,405 sqft
- Dimensions: 50' x 150'
Details
- Parcel number: 0708284015012.000
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Apartment
- Attached to another structure: Yes
Condition
- Year built: 1920
Utilities & green energy
- Sewer: Public Sewer
Community & neighborhood
Location
- Region: Sheffield
- Subdivision: Sheffield
Services availability

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