1419 Marguerite Ave Anniston, AL 36207

This fee-simple owned apartment building presents a compelling investment opportunity in Anniston, Alabama. The property, located at 1419 Marguerite Ave, 36207, comprises a single, 8,726 square foot building constructed in 1945 on a 0.48-acre lot. Currently boasting 100% occupancy, the eight units are all two-bedroom, one-bathroom apartments, with water included in the rent. The property generates a strong net operating income (NOI) of $19,494, resulting in a 4.34% capitalization rate. The asking price is $449,000, translating to $56,125 per unit and $51.46 per square foot. Conveniently situated near schools, churches, parks, and retail amenities, this property benefits from its established location and strong tenant base. Existing property management is in place, simplifying operations. The Calhoun County Assessor's Parcel Number (APN) is 2103054004036.000. 2024 property taxes are estimated at $2,371.83. This is a turnkey investment with excellent cash flow potential. The property is classified as Class C multifamily.