Three-Home Multifamily
80 Coal Ridge Road Sardis City, AL 35956
New
For Sale
$449,000
MULTI_FAMILY - Sardis City, AL
Property Size3,306 SF
Lot Size8.60 Acres
Price / SF$135.81
Days on Market4
Property Features for 80 Coal Ridge Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 8
- Parking features
- Driveway
- Standard status
- Active
- Size
- 3,306 SF
- Lot size
- 8.60 Acres
Utilities
- Sewer type
- Septic Tank
- Water source
- Public
Building Details
- Number of units
- 3
Listing Agency:
Main Street Realty Plus, LLC
(256) 400-1335
Listed By:
Tyler Higdon · License #176729
(256) 400-1335
Added: Jul 24
Last Checked: Jul 27 at 4:06AM
MLS# 21924733
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Investment Insights
Based on property information with market context.
This three-home multifamily offering includes three adjoining parcels at 80 Coal Ridge Road, 70 Cole Ridge Road, and 11060 US-431 in Sardis City. The property features three existing homes and additional room for future development, providing flexibility for investors or households seeking rental expansion.
The location is described as convenient with easy access to US-431 and nearby communities including Boaz, Albertville, and Gadsden. With multiple parcels under one offering, the property supports a straightforward platform for managing existing residences while considering future site use.
Total lot size is listed at 8.6 acres, with property size shown as 3,306 square feet.
The location is described as convenient with easy access to US-431 and nearby communities including Boaz, Albertville, and Gadsden. With multiple parcels under one offering, the property supports a straightforward platform for managing existing residences while considering future site use.
Total lot size is listed at 8.6 acres, with property size shown as 3,306 square feet.
Key Highlights
- Three adjoining parcels: 80 Cole Ridge Rd., 70 Cole Ridge Rd., and 11060 US‑431 in Sardis City
- Property includes three existing homes
- Room for future development on the additional land
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $29.8k | $9.00 |
| − Vacancy | −$1.9k | −$0.59 |
| EGI | $27.8k | $8.42 |
| − OpEx | −$8.3k | −$2.52 |
| NOI | $19.5k | $5.89 |
3,306 SF · lease $9.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$278.2K
$243.4K – $324.6K
NOI $19,474 @ 7.0% cap · market cap 4.34%
Second Best
Apartment 5plus
$255.7K
$223.7K – $298.3K
NOI $17,896 @ 7.0% cap · market cap 3.99%
Theoretical Best
Office A
$713.6K
$624.4K – $832.5K
NOI $49,949 @ 7.0% cap · market cap 11.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Isalis
(Bike/Boat/Book/etc) Store
Party City
Party Supply Store
Skunk Funk
Big Box & Wholesale Store
Carl's Trading Co
Hat Shop
Bushka's Kitchen LLC
(Bike/Boat/Book/etc) Store
FAQs
What type of property is this?
Triplex - Three existing homes sit on adjoining parcels with additional room for future development and access to US-431.
Where is this triplex located?
The property is located at 80 Coal Ridge Road Sardis City, AL.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Three adjoining parcels: 80 Cole Ridge Rd., 70 Cole Ridge Rd., and 11060 US‑431 in Sardis City; Property includes three existing homes; Room for future development on the additional land
