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    3226 Cathedral Caverns Hwy Grant, AL 35747

    For Sale
    $2,300,000

    17-Unit Rental Property, High ROI

    Property size:
    15,534 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional investment opportunity presents a 17-unit multifamily portfolio situated on 12 acres in Grant, Alabama. The property, built in 2003 and renovated in 2008, boasts 15,534 square feet of net rentable space, currently achieving 70% occupancy. The portfolio comprises nine single-story buildings, offering a mix of unit sizes and configurations. Thirteen units feature two bedrooms, one bathroom, and a single-car garage, ranging from 843 to 945 square feet. Three additional units provide one bedroom and one bathroom. A 1,242-square-foot, three-bedroom, one-bathroom house is currently used as an office, offering potential for additional rental income. Amenities include a heated and cooled community pavilion for tenants and a fishing pond. The property is zoned County and offers ample parking (two spaces per unit), a storm shelter, and additional land for potential expansion. Located less than four miles from Lake Guntersville and less than a mile from Grant, this property presents a compelling investment with significant upside potential. The asking price is $2,300,000, translating to $135,294 per unit and $148.06 per square foot. Four units are currently vacant (five if the office is leased), presenting immediate opportunities to increase revenue. This is a rare opportunity to acquire a well-maintained, income-producing multifamily property in a desirable location.

    Property Features for 3226 Cathedral Caverns Hwy

    General Information

    Property type
    Multifamily properties
    Square Feet
    15,534 SF
    Lot Size
    522,720 SF

    Building Details

    Year Built/Renovated
    2003/2008
    Buildings
    9
    Stories
    1
    Units
    17
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential income homes

    Suggested Use

    Restaurant Law Firm Building Supply Dental Office Auto Repair Shop Gym & Fitness Garden Center Bakery Arcade & Gaming Center Toy Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Grant
    County
    Marshall
    State
    Alabama
    Longitude
    -86.263326
    Latitude
    34.496859

    Nearby Similar for Sale

    • $274,999

      Lake Guntersville Boathouse with Slip

      Private boathouse on Lake Guntersville with slip and electric lift.
      25900 Hwy N, Grant, AL 35747
      View Details

    FAQs

    What type of property is this?
    Multifamily property - 17-Unit Rental Property, High ROI
    Where is this multifamily property located?
    The property is located at 3226 Cathedral Caverns Hwy Grant, AL.
    What is the asking price?
    The asking price for this property is $2,300,000.
    Request Owner's contact information
    3226 Cathedral Caverns Hwy Grant, AL 35747
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3226 Cathedral Caverns Hwy Grant, AL 35747
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