Listing Agency: SVN | AVAT Realty, LLC r***@svn.com Show Phone

Listed By: Paul McDonald · License #AL

Source: Crexi

Added: Apr 12 Changed: Jul 21 Last Checked: Jul 30 at 1:17PM

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Investment Insights

Based on property information with market context.

This 60-unit apartment building is offered for sale at 912 Main St NE in Hanceville, Alabama. The property is described as home to Wallace State University.

Based on the provided information, the asset is a residential income property configured as an apartment building with 60 units. Additional details on unit mix, building condition, amenities, and financing terms were not provided.

For buyers seeking a multifamily asset tied to a university setting, this offering presents a straightforward 60-unit configuration in Hanceville.

Key Highlights

• 60‑unit apartment building located in Hanceville, Alabama
• Property is in Hanceville, AL, outside of Cullman, AL
• Home to Wallace State University

Property Analytics

Current Use

Virginia Lea Natural ... Astrologer Heart of Hanceville Apartments Apartment Complex

Suggested Use

Top Pick Building Supply Auto Repair Shop Auto Parts Store Storage Facility (Bike/Boat/Book/etc) Store Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

60

Residential units

Location Intelligence

Trade Area within ½ mile

87

Businesses Nearby

Explore this area Business Placement

Demographics for 35077, AL

13,813

Population

6,045

Households

2.3

Avg Household Size

42

Median Age

14%

College-Educated

79%

High-School Grad

150.2 sq mi

ZIP Area

92

Density / Sq Mi

$47,720

Median Household Income

$29,221

Median Earnings

$822

Median Rent

$157,000

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Apartment building - Apartment building with 60 units located in Hanceville, Alabama.

Where is this apartment building located?

The property is located at 912 Main St NE Hanceville, AL.

What are key features of this property?

This property features: 60‑unit apartment building located in Hanceville, Alabama; Property is in Hanceville, AL, outside of Cullman, AL; Home to Wallace State University