Skip To Content
    Return to Previous Page

    2112 Martin Luther King Dr

    Jasper, AL 35501
    • $265,000
    • STATUS: Closed
    • ON SITE: 40 days
    • MLS #: 892740
    Sold - 09/23/2020
    $265,000
    SOLD - 09/23/2020
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1980
    County:

    School Information

    Elementary School:
    Middle School:
    High School:

    Description

    Seller purchased these apartments a few years back. They started the renovations, but have decided to pursue a different niche. So, this is a rare offering. This multifamily has a ton of untapped forced appreciation.Theres a lot of meat on the bone with this 8 unit apartment complex located in Jasper. Only one apartment has been renovated at this time. The rent is grossly under market with a huge value added potential by raising rents to market rates and sub metering the water. There is close to $300,000 in total untapped equity. Roof is less than a year old. This property is being offered at its current condition, for $299,000. This is an outstanding opportunity to jump into the multifamily niche and build significant (6 figure) equity. Located less than 2 miles from center of Jasper.

    Monthly Payment Calculator



    © 2020 Greater Alabama Multiple Listing Service, Inc. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX content is not guaranteed accurate by the MLS or Gusty Gulas Group at eXp Realty. Data last updated: 2020-09-27T12:30:09.253.

    www.gustygulasgroup.com/homes/109100033
    Print Image

    2112 Martin Luther King Dr Jasper, AL 35501

    • Price: $299,000
    • Status: Closed
    • Updated: 29 min ago
    • MLS #: 892740
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1980
    Built
    Neighborhood:
    None
    County:
    Walker
    Area:
    Dora, Quinton, Sumiton, West Jefferson
    Elementary School:
    West Jasper
    Middle School:
    Maddox
    High School:
    Walker
    Property Description
    Seller purchased these apartments a few years back. They started the renovations, but have decided to pursue a different niche. So, this is a rare offering. This multifamily has a ton of untapped forced appreciation.Theres a lot of meat on the bone with this 8 unit apartment complex located in Jasper. Only one apartment has been renovated at this time. The rent is grossly under market with a huge value added potential by raising rents to market rates and sub metering the water. There is close to $300,000 in total untapped equity. Roof is less than a year old. This property is being offered at its current condition, for $299,000. This is an outstanding opportunity to jump into the multifamily niche and build significant (6 figure) equity. Located less than 2 miles from center of Jasper.
    Exterior Features

    Multifamily Property Type Apartment

    Interior Features

    Cooling Individual Units (Cool)Window Units (Cool) Floors LaminateVinylWall-To-Wall Carpet Foundation Slab Heating Individual Units (Heat) Type One Bedrooms 1 Type One Full Baths 1 Type One Furnished ASN None Type One Half Baths 0

    Property Features

    Construction Concrete/BlockSiding Expenses 8200 Financing CashConventional Sales Type N/A Tenant Pays Cable/Tv Connect (Tenant)Electric (Tenant) Type One Eff YN Yes Type One Features RefrigeratorStove Type One Units 8 Type Three Units 0 Type Two Units 0 Year Built Desc Existing

    Listing provided courtesy of Sweet Homelife Oneonta. © 2020 Greater Alabama Multiple Listing Service, Inc.


    © 2020 Greater Alabama Multiple Listing Service, Inc. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX content is not guaranteed accurate by the MLS or Gusty Gulas Group at eXp Realty. Data last updated: 2020-09-27T12:30:09.253.

     
    https://bt-photos.global.ssl.fastly.net/birmingham/orig_boomver_1_892740-2.jpg https://bt-photos.global.ssl.fastly.net/birmingham/orig_boomver_1_892740-2.jpg https://bt-photos.global.ssl.fastly.net/birmingham/orig_boomver_1_892740-2.jpg
    Logo
    Gusty Gulas Group at eXp Realty
    2901 2nd Ave S. Ste 230
    Birmingham AL, 35233