3226 Cathedral Caverns Hwy Grant, AL 35747

This exceptional investment opportunity presents a 17-unit multifamily portfolio situated on 12 acres in Grant, Alabama. The property, built in 2003 and renovated in 2008, boasts 15,534 square feet of net rentable space, currently achieving 70% occupancy. The portfolio comprises nine single-story buildings, offering a mix of unit sizes and configurations. Thirteen units feature two bedrooms, one bathroom, and a single-car garage, ranging from 843 to 945 square feet. Three additional units provide one bedroom and one bathroom. A 1,242-square-foot, three-bedroom, one-bathroom house is currently used as an office, offering potential for additional rental income. Amenities include a heated and cooled community pavilion for tenants and a fishing pond. The property is zoned County and offers ample parking (two spaces per unit), a storm shelter, and additional land for potential expansion. Located less than four miles from Lake Guntersville and less than a mile from Grant, this property presents a compelling investment with significant upside potential. The asking price is $2,300,000, translating to $135,294 per unit and $148.06 per square foot. Four units are currently vacant (five if the office is leased), presenting immediate opportunities to increase revenue. This is a rare opportunity to acquire a well-maintained, income-producing multifamily property in a desirable location.