154 S Main St Arab, AL 35016
- Specialty properties
- 6,222 SF
- 0.61 lot acres
Current Use by Public Records
- Taylor Joanne / Nursing Agency
Property Details for 154 S Main St
- Year built
- 1984
- Construction
- WOOD
- Lot size
- 0.61 lot acres
- Property size
- 6,222 SF
- Zone code
- 11
- Property type
- Specialty properties
- APN
- 13-07-26-1-001-055.000
- APU
- 1307261001055000
Description
This exceptional investment opportunity presents a four-unit apartment building located at 154 S Main Street in Arab, Alabama, 35016. Offered at $625,000, this 1984-constructed property presents significant potential for rental income. The building, currently vacant and ready for immediate occupancy, features a unique layout. A central divider beam and a basement allow for easy conversion into four separate rental units, if desired. Two of the existing central units have been recently renovated. Previously used as a medical office, the building's design inherently incorporates separation between spaces, making the conversion to individual apartments straightforward. The property includes a grassy area behind the building and ample parking in front, offering convenience for future tenants. This versatile property is ideal for investors seeking a multifamily rental opportunity or those with creative visions for its future use. The existing structure provides a solid foundation for immediate income generation or further development, making this a compelling investment in a desirable Alabama location. The property's central location in Arab offers easy access to local amenities and services.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Arab
- County
- Marshall
- State
- Alabama
- Longitude
- -86.4965
- Latitude
- 34.3147
- CBSA code
- 10700
- CBSA name
- ALBERTVILLE, AL MICROPOLITAN STATISTICAL AREA
