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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

    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

    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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    An equal housing lender. NMLS #10287.