2905 E 12th Ave, Sheffield, AL 35660
Sheffield · Colbert County
Key Facts
Description
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.
Property Information
Property Type
Residential Income
Stories
1
Lot Size
1.32 acres
Lot Dimensions
300 x 192
Zoning
M1
MLS® Listing#
529141
Property Features
Sewer
Schools
- Elementary:
- Sheffield
- Middle:
- Sheffield
- High:
- Sheffield
Financial Details
HOA
None
Annual Taxes
$404
Parcel Number
07-09-29-4-007-001.000
Directions
From Downtown Sheffield, head east on 2nd Street, turn left onto Montgomery Ave., then right onto E. 12th Ave. Property will be on the left at 2905 E. 12th Ave.
Affordability Calculator
$109,800
Estimated monthly payment
$2,922/mo
Principal $439,200 · Est. interest $612,723 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Sheffield, AL
- $210,345
- Median Listing Price
- 51
- Median Days on Market
- 1,853
- Median Sq Ft
- $105
- Median Price / Sq Ft
- 77
- Active Listings
- This home’s price is 161% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Sheffield, AL.
Location
- 2905 E 12th Ave, Sheffield, AL 35660
Getting Around
Points of Interest in Sheffield, AL
Showing the Sheffield area map.
Nearby Schools
Sheffield Junior High School
Secondary · 0.5 mi away
Sheffield High School
Secondary · 0.6 mi away
Threadgill Primary School
Elementary · 0.6 mi away
L E Willson Elementary School
Elementary · 0.8 mi away
Schools, Superintendent's Office
School · 1.1 mi away
Deshler Middle School
Secondary · 2.0 mi away
Tuscumbia City Schools
School · 2.0 mi away
Highland Park Elementary School
Elementary · 2.1 mi away
Deshler High School
Secondary · 2.1 mi away
Calvary Learning Center
School · 2.1 mi away
Florence City Schools
School · 2.1 mi away
Muscle Shoals Middle School
Secondary · 2.3 mi away
McBride Elementary School
Elementary · 2.3 mi away
Handy Head Start
School · 2.5 mi away
City of Florence
School · 2.5 mi away
Florence High School
Secondary · 2.5 mi away
Muscle Shoals High School
Secondary · 2.6 mi away
Kilby Laboratory School
Elementary · 2.9 mi away
G W Trenholm Primary School
Elementary · 2.9 mi away
Covenant Christian School
School · 2.9 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 2723 N Jackson Hwy, Sheffield, AL | $395,000 | — | 2 | 350 |
| 2002 Alabama Ave, Sheffield, AL | $395,000 | — | — | — |
| 134 Rivermont Dr, Sheffield, AL | $415,000 | 4 | 3 | 3,333 |
| 106 Smith Ct, Sheffield, AL | $429,900 | 4 | 4 | 4,700 |
| 3325 N Jackson Hwy, Sheffield, AL | $444,000 | 4 | 5 | 4,418 |
| 414 Montgomery Ave, Sheffield, AL | $450,000 | 1 | 10 | 9,000 |
Moving Cost Estimate
EXIT Agents in Sheffield
Listing Courtesy: MarMac Real Estate - The Shoals
Presented by: Melissa Goduti