154 Main StArab, AL 35016

Property Details for 154 Main St

Year built

1984

Construction

WOOD

Lot size

0.61 AC

Property size (Sq ft)

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.

Location Insight

City

Arab

County

Marshall

State

Alabama

Latitude

34.3147

Longitude

-86.4965

CBSA code

10700

CBSA name

ALBERTVILLE, AL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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