Listing provided courtesy of MarMac Real Estate - The ShoalsMLS# 529141MLS Provider
  • 33 days on site
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Investor opportunity to pick up the project where the current owner left off. This multifamily/townhome redevelopment has already seen major improvements completed, including 18 renovated townhome-style units with new windows, roofs, flooring, walls, paint, efficiency-style kitchen sinks, hot water heaters, and studio layouts featuring private showers, toilets, and closets. Property has been rezoned for multifamily/townhome use, and each unit sits on its own permanent foundation. New utilities have been installed allowing each unit to have separate meters. Additional large space on-site offers flexibility for an office, community room, or future laundry facility. Add some attractive landscaping and complete the final touches to maximize the property's potential. Excellent opportunity for strong ROI and high cap rates. Contact listing agent for proforma details and renovation specifics. Property is priced for a quick sale. Property sold as-is. Buyer to verify all information.

Source: Strategic Alliance MLS, MLS#: 529141

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  • Property Type
    Residential Income
  • Lot
    1.32 acres

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Owning this Home

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 2905 E 12th Ave


Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
5/27/2026Source: Strategic Alliance MLS Added to Database
May 27, 2026