2905 East 12th Avenue, Sheffield, AL 35660
Redevelopment project with 18 renovated townhome-style units and separate utilities, plus additional on-site space for flexible uses.
- Added:
- May 27, 2026
- Days on Market:
- 15
- Last Refresh:
- Jun 6 at 5:33 am
Property Features for 2905 East 12th Avenue
General Information
- Standard status
- Active
- Size
- 7,110 SF
- Property subtype
- Multifamily, Mobile Home Park, Senior Living
Listing agent Melissa Goduti License #000164903-0
Listing office MarMac Real Estate (203) 281-1716
Listing date May 27, 2026
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of MarMac Real Estate
HighLights
- Multifamily/townhome redevelopment project with 18 renovated townhome‑style units
- Units have new windows, roofs, flooring, walls, and paint, plus efficiency‑style kitchen sinks and hot water heaters
- Studio layouts include private showers, toilets, and closets
- Rezoned for multifamily/townhome use, with each unit on its own permanent foundation
- New utilities installed with separate meters for each unit
- Additional on‑site space for an office, community room, or future laundry facility
Overview
The property has been rezoned for multifamily/townhome use, aligning the project with its intended configuration. The offering is presented as a redevelopment opportunity to complete final touches. The property is sold as-is, with buyer responsibility to verify all information deemed important.
For investors or operators looking to finish a conversion, the partially completed renovations, separate unit foundations, and individual metering provide a practical foundation for continuing the project. The extra on-site space adds versatility for common-area or service-oriented functions, subject to buyer plans and verification of all requirements. Contact the listing agent for available details on the redevelopment scope and renovation specifics.
Local Financial Insights For Apartment 5plus
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 | $72.5k | $10.20 |
| − Vacancy | −$4.2k | −$0.59 |
| EGI | $68.3k | $9.61 |
| − OpEx | −$30.7k | −$4.32 |
| NOI | $37.6k | $5.28 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Sheffield
- County
- Colbert
- State
- Alabama
- Longitude
- -87.683421
- Latitude
- 34.763637