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Five-Unit Apartment Building
For Sale
$300,000

727 Sherrod Avenue, Florence, AL 35630

MULTI_FAMILY - Florence, AL

Property Size3,300 SF
Lot Size0.17 Acres
Price / SF$90.91
Days on Market78

Property Features for 727 Sherrod Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Parking 7
Parking features Garage, Driveway
Subdivision City Of Florence
Elementary school Florence
Middle school Florence
High school Florence
Directions From Wood Ave, Turn Right Onto Hawthorne, And Left Onto Sherrod Ave, House On Right.
Standard status Active
Size 3,300 SF
Lot size 0.17 Acres

Utilities

Sewer type Public Sewer
Water source Public

Building Details

Number of units 5
Listing Agency: Re/Max Today
Listed By: Jacob Harbin · License #118980
Added: May 14 Changed: Jul 28 Last Checked: Jul 30 at 5:06PM
MLS# 21910640

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Investment Insights

Based on property information with market context.

This five-unit apartment building includes four 1-bedroom, 1-bath units and one 2-bedroom, 1-bath unit. Three units are currently occupied, and two have recently been fully redone and are described as rent-ready. Improvements include a newer roof, and the property also has a detached garage that may be used for storage or additional income.

The building is located in Florence, Alabama, with the public remarks noting it is within walking distance of UNA.

With a mix of unit sizes and an on-site detached garage, the property is configured as a small residential income asset designed around multiple separate rental units.

Key Highlights

  • 5‑unit apartment building with four 1‑bedroom/1‑bath units and one 2‑bedroom/1‑bath unit
  • 2 units have just been fully redone and are rent‑ready; 3 units are currently occupied
  • Newer roof

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Big Box & Wholesale Store Auto Parts Store (Bike/Boat/Book/etc) Store Storage Facility Garden Center Locksmith

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

5
Residential units

Location Intelligence

Trade Area within ½ mile

446
Businesses Nearby

Demographics for 35630, AL

32,671
Population
17,371
Households
1.9
Avg Household Size
36
Median Age
28%
College-Educated
89%
High-School Grad
25.3 sq mi
ZIP Area
1,291
Density / Sq Mi
$44,168
Median Household Income
$29,081
Median Earnings
$783
Median Rent
$153,300
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Five rental units include four 1-bedroom apartments and one 2-bedroom unit, with a newer roof and detached garage.
Where is this apartment building located?
The property is located at 727 Sherrod Avenue Florence, AL.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: 5‑unit apartment building with four 1‑bedroom/1‑bath units and one 2‑bedroom/1‑bath unit; 2 units have just been fully redone and are rent‑ready; 3 units are currently occupied; Newer roof
More about this property
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