500 Annapolis Ave, Sheffield, AL 35660
MULTI_FAMILY - Sheffield, AL
- Added:
- Jun 4, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 5 at 10:06 pm
Property Features for 500 Annapolis Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Apartment
- Zoning
- 00 Commercial
- Parking features
- Alley, On Street
- Patio and Porch features
- Porch
- Exterior features
- None (ExteriorFeat)
- Standard status
- Active
- APN
- 07-08-28-4-015-012.000
- Size
- 3,079 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Description
- LOT 6 BLK 105 SHEFFIELD 50 X 150 /DB 2020 PG 7073-7076 & DB 2025 PG 1926 (CONTRACT FOR DEED)
- Tax Annual Amount
- 410
Utilities
- Utilities
- Cable Available
- Heating system
- Electric (Heating)
- Cooling system
- Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1920
- Flooring type
- Vinyl, Laminate
- Building materials
- Vinyl Siding
- Roof type
- Metal
- Additional Structures
- None
Listing agent Adam Wimberly License #000109233 (256) 349-3638
Listing office MarMac Real Estate - The Shoals 417 E Mobile Street, Florence, AL (256) 766-8499
Listing date Jun 4, 2026
Copyright © 2026 Strategic MLS Alliance, INC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- 6‑unit building is 100% occupied with $3,490/month in rent
- Most capital expenditures completed within the last 5 years: new roof, windows, vinyl siding, plumbing, appliances, and window units
- All units are separately metered with tenants paying their own utilities
- Separate rent amounts include 4 units at $600/month, plus one at $575/month and one at $515/month
- Metal roof; vinyl siding; vinyl and laminate flooring
- Parking includes alley and on‑street; porch on the exterior
Overview
The property is located at 500 Annapolis Ave in Sheffield, Alabama 35660, in Colbert County. The listing is for sale on a 0.17-acre lot and identifies the asset under “00 Commercial” zoning.
According to the provided remarks, the building is currently 100% occupied, with monthly rents listed for each unit. Four units are reported at $600 per month, one unit at $575 per month, and one unit at $515 per month, for a total of $3,490 per month. For buyers evaluating a residential income property, the combination of full occupancy, separately metered units, and the stated recent exterior and systems updates may support a practical ownership transition and day-to-day operations focused on leasing and maintenance.
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 | $31.4k | $10.20 |
| − Vacancy | −$1.8k | −$0.59 |
| EGI | $29.6k | $9.61 |
| − OpEx | −$13.3k | −$4.32 |
| NOI | $16.3k | $5.28 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Sheffield
- County
- Colbert
- State
- Alabama
- Longitude
- -87.6935605
- Latitude
- 34.7629651
