Turn-Key Renovated
805 Main Street East Hartselle, AL 35640
805 Main Street East, Hartselle, AL, 35640
$520,000
For Sale
$520,000
Renovated multifamily featuring a new roof, updated plumbing, and fully refreshed kitchens and baths.
Property Size3,075 SF
Price / SF$169.11
Days on Market170
Property Features for 805 Main Street East
General Information
- Standard status
- Active
- Size
- 3,075 SF
- Property subtype
- Multi Family Home
Listing agency
Capstone Realty
(256) 382-7300
Listed by
Mikah McDaniel · License #154287
Source
Alabamaland
Added: Feb 2 Updated: Jul 21 at 11:04AM Checked: Jul 21 at 11:04AM
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 Capstone Realty
Investment Insights
Based on property information with market context.
This fully renovated multifamily property includes major upgrades completed in 2024 and extensive structural and mechanical improvements throughout. The renovation work features a brand-new roof, updated water heaters, and a solid HVAC system installed in 2017. Additional improvements include a new floor joist system, new pier footings and masonry piers, new PEX water lines, new PVC drain lines, and new subflooring throughout.
Interior updates include refreshed kitchens with updated appliances and cabinetry, fully renovated bathrooms with new tubs, vanities, and toilets, new laminate flooring throughout, fresh interior paint, and updated light fixtures.
The offering is described as turn-key, suited for owner-occupants or investors seeking a property with renovations already in place.
Interior updates include refreshed kitchens with updated appliances and cabinetry, fully renovated bathrooms with new tubs, vanities, and toilets, new laminate flooring throughout, fresh interior paint, and updated light fixtures.
The offering is described as turn-key, suited for owner-occupants or investors seeking a property with renovations already in place.
Key Highlights
- Major multifamily renovations completed in 2024, including a brand‑new roof
- 2017 HVAC system plus updated water heaters
- All‑new plumbing with new PEX water lines and new PVC drain lines
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 | $45.4k | $14.76 |
| − Vacancy | −$2.8k | −$0.92 |
| EGI | $42.6k | $13.84 |
| − OpEx | −$19.2k | −$6.23 |
| NOI | $23.4k | $7.61 |
3,075 SF · lease $14.76/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$334.5K
$292.7K – $390.3K
NOI $23,415 @ 7.0% cap · market cap 4.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$639.7K
$559.8K – $746.4K
NOI $44,782 @ 7.0% cap · market cap 8.61%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Equimeds
Kennel & Boarding Facility
Similar For Sale Nearby
FAQs
What type of property is this?
Multifamily property - Renovated multifamily featuring a new roof, updated plumbing, and fully refreshed kitchens and baths.
Where is this multifamily property located?
The property is located at 805 Main Street East Hartselle, AL.
What is the asking price?
The asking price for this property is $520,000.
What are key features of this property?
This property features: Major multifamily renovations completed in 2024, including a brand‑new roof; 2017 HVAC system plus updated water heaters; All‑new plumbing with new PEX water lines and new PVC drain lines
