Home For Sale In Alpine, Alabama

house for sale

Listed: 02/03/24

193 Aquarius Drive, Talladega County, AL 35014, USA

Studio Bed:

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Price

$ 1,48M

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About This House

Here is your chance to acquire a 20 unit value-add apartment complex located directly on Alpine Bay Golf Course, a Robert Trent Jones Golf Course. Investor stopped construction midway through the project. There is plenty of value for the right investor to complete renovations and either hold long term or sell for a large profit (either as an apartment complex or as individualized condos). At full occupancy property will gross approx. $242, 400per year. ARV of approx. $2, 500, 000upon completion. Apt Complex Details; 20 Units (16) 2BR/2BA/1,100sqft and (4) 3BR/3BA/1,300sqft. 2/2 Market Rents = $975/mo and 3/3 Market Rents = $1, 150/mo. Approx. $320k-$340k construction remaining to complete project. Current Condition in more detail: 8 units are 95% complete … Full description

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