Anniston Condo Rental
1415 Christine Ave Unit 3/8/9/12/16/17 Anniston, AL 36207
1415 Christine Ave Unit 3/8/9/12/16/17, Anniston, AL, 36207
$349,000
For Sale
$349,000
Anniston Condo Rental Portfolio
Property Size6,000 SF
Price / SF$58.17
Days on Market93
Property Features for 1415 Christine Ave Unit 3/8/9/12/16/17
General Information
- Standard status
- Active
- Property type
- Multifamily properties, Residential income properties
- Size
- 6,000 SF
- Net Rentable
- 6,000 SF
- Class
- C
- Total Parking Spaces
- 8
- Elevators
- No
- Occupancy
- 84%
- Sale Condition
- 1031 Exchange
- Investment Type
- Owner User
- Net Operating Income
- $40,000
Building Details
- Year Built
- 1970
- Year Renovated
- 2024
- Buildings
- 1
- Stories
- 2
- Units
- 6
Listing Office
(678) 332-7023
Listed by
James
(678) 332-7023
Added: Apr 16 Checked: Apr 16 at 12:52 pm
Investment Insights
Based on property information with market context.
This offering comprises a portfolio of six condominium units situated within a single, well-maintained brick building. The unit mix includes three one-bedroom, one-bath units, one two-bedroom, one-bath unit, and two three-bedroom, two-bath units. Each condo has been updated with new appliances and flooring, and some feature granite countertops. On-site amenities include coin laundry facilities and ample parking. A property manager is currently in place, and maintenance vendors are established. The property is located in Anniston, Alabama.
Key Highlights
- Each condo has been refreshed with new appliances and flooring. Some have granite counter tops.
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 | $61.2k | $10.20 |
| − Vacancy | −$3.7k | −$0.61 |
| EGI | $57.5k | $9.59 |
| − OpEx | −$25.9k | −$4.31 |
| NOI | $31.6k | $5.27 |
6,000 SF · lease $10.20/SF/yr · vacancy 6.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$452.0K
$395.5K – $527.3K
NOI $31,640 @ 7.0% cap · market cap 9.07%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$922.4K
$807.1K – $1.08M
NOI $64,569 @ 7.0% cap · market cap 18.50%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Multifamily properties
Similar For Sale Nearby
FAQs
What type of property is this?
Multifamily property - Anniston Condo Rental Portfolio
Where is this multifamily property located?
The property is located at 1415 Christine Ave Unit 3/8/9/12/16/17 Anniston, AL.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Each condo has been refreshed with new appliances and flooring. Some have granite counter tops.
