18-Unit Established Residential Investment Portfolio - located in Rogersville AL : 4 multi-family buildings (not section 8) . Excellent investment opportunity featuring 18 established single-family apartment residences with a proven rental history and consistent tenant demand. Current market rents are approximately $1,000 per unit per month, providing potential gross rental income of $18,000 per month or $216,000 annually at full occupancy. The property is currently operating at approximately 89% occupancy, with additional rental applications currently being processed, demonstrating continued demand and upside toward full stabilization. This established income-producing property offers an investor immediate cash flow, a documented rental track record, and the opportunity to increase revenue as remaining units are leased at current market rates.
Listing courtesy of Realty and Auction LLC.