Building Details

Buildings 18

Listing Agency: LAH Commercial Real Estate Mountain Brook

Listed By: Alex Kyriazis · License #000121269-0 Show Phone

Source: Crexi

Added: Sep 17 Changed: Sep 24 Last Checked: Sep 26 at 7:11AM

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Investment Insights

Based on property information with market context.

The 44-unit residential portfolio in Vernon, Alabama, brings together 17 duplexes and a 10-unit multifamily building. A vacant concrete slab from a former duplex is also included. The unit mix comprises 10 two-bedroom, one-and-a-half-bath residences in the multifamily building, 19 two-bedroom, one-bath units, 13 one-bedroom, one-bath units, and two three-bedroom, one-bath units. Each residence is individually metered for utilities, and all units have central heating and window-unit air conditioning.

The properties are located in the same immediate area and are being offered together. Property operations include a local on-site manager, lawn care, advertising, and maintenance. The landlord pays property taxes, insurance, common-area power, and utilities for vacant units undergoing rehabilitation.

Key Highlights

• 44 residential units across 17 duplexes and a 10‑unit multifamily building
• Mix includes 10 2BR/1.5BA, 19 2BR/1BA, 13 1BR/1BA, and 2 3BR/1BA units
• Vacant concrete slab from a former duplex is part of the offering

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Auto Parts Store Gym & Fitness Center Hotel & Motel Car Rental Facility

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

44

Residential units

Location Intelligence

Trade Area within ½ mile

6

Businesses Nearby

Explore this area Business Placement

Demographics for 35592, AL

4,396

Population

2,500

Households

1.8

Avg Household Size

44

Median Age

10%

College-Educated

83%

High-School Grad

115.3 sq mi

ZIP Area

38

Density / Sq Mi

$43,417

Median Household Income

$30,604

Median Earnings

$490

Median Rent

$126,900

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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What type of property is this? Where is this apartment buildings located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Apartment building - Every residence has individual utility meters, central heating, and window-unit air conditioning.

Where is this apartment building located?

The property is located at 225 Finch Street Northwest Vernon, AL.

What is the asking price?

The asking price for this property is $1,140,000.

What are key features of this property?

This property features: 44 residential units across 17 duplexes and a 10‑unit multifamily building; Mix includes 10 2BR/1.5BA, 19 2BR/1BA, 13 1BR/1BA, and 2 3BR/1BA units; Vacant concrete slab from a former duplex is part of the offering