Property Listing No Longer Available for Sale

1107 Ellioot Ave, Opelika, AL

Multi-family for Sale - $1,375,000 - 27,000 Sq. Ft. on 0 acres

Property Info

  1107 Ellioot Ave
  Opelika AL 36803
UpdatedOctober 6th, 2008
Building27,000 Sq. Ft.
Land0 acres

Property Description

Twenty-Seven Unit Townhome Complex, each unit is appox 1100sf with 2br, 1.5 bath. Below martket rent, so income is growing fast to catch up. Market rent should be $575 to $600, so in the next two years I feel income should be around $185,000. Complex in good shape with many repairs made. Twenty-Four new heat/air units, paint and many new upgrades to each unit. Price $1,375,000 Take over payments ofr $8515. tax&ins $990,000 with nine year fix at 7.1% Twenty nine years to go. You will need $385,000 cash or second mortgage to take over payments. Park your cash in a safe growing investment. Thank You Terry Conaway 256-282-3035


Cash Cow with gross income up from $60K in 04 to $148,500 in 07 and STILL GROWING. Great shape with 24 new heat/air units. Good managment for out of state owners. Park your $$$$ somewhere safe in a fast growing investment.