154 S Main St Arab, AL 35016

6,222 SF 0.61 ac lot Built 1984

Individually Owned 3-yr Hold Free & Clear

Property ID

US03-0385642

$484,900 6,222 SF

154 S Main St, Arab, AL 35016
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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.