Great opportunity to purchase this multifamily property, 24-units currently in the last phase of renovation! With new plumbing and electrical and fixtures as needed. Updates to Kitchens & bathrooms. New Vinyl floors in main living and new carpet in bedrooms. All interior and all exterior paint. Units are large and spacious. Tons of natural light. All units come with new refrigerator and new stove. Structure behind the 1805 building has electricity and water for a laundry room. It has not been set up, as of yet. This room could possibly hold 3 to 4 coin-operated washers and dryers for another revenue stream! 6 units are 1br/1b and 18 units are 2br/1b. New rents at $695 and $795. Currently being leased up. With one new paved parking lot, tons of green space and plenty of parking. Convenient to shopping and businesses. Proforma cap of 9.8% estimate. Reach out for P & L and further information. Income and expenses projected.
Multi-familyProperty Type
1969Year Built
48 spacesParking
Listed by Margie Beth Shaw• Keller Williams Realty Vestavia
Bought with Margie Beth Shaw• Keller Williams Realty Vestavia
Unit Type 1 Features: Den, Eating Area-Kitchen, Refigerator, Sep Living, Stove
Furnished: None
Unit Type 2 Information
# of Bedrooms: 2
# of Full Baths: 1
# of Units: 18
Sq.Ft.: 800
Unit Type 2 Features: Den, Eating Area-Kitchen, Kitchenette, Refigerator, Sep Living, Stove
Furnished: None
Unit Type 3 Information
# of Units: 0
School Information
CENTER POINT
Elementary School: CENTER POINT
Jr/Middle: ERWIN
High School: CENTER POINT
Location Details
Minor Subdivision: CENTER POINT
Driving Directions: Head east on US-11 N > Turn left onto Roebuck Pkwy > Merge onto Parkway E Pass by Chick-fil-A (on the right) > Continue onto AL-75 N/Center Point Pkwy > Continue to follow AL-75 N > Turn right onto Polly Reed Rd NE > Turn left onto Polly Reed Ct
Public facts
Beds: —
Baths: 1.0
Sq. Ft.: 7,018
Stories: 2.0
Lot Size: —
Style: Condo/Co-op
Year Built: 1969
Year Renovated: 1969
County: Jefferson County
APN: 12 00 18 4 004 028.000
Home facts updated by county records on Jul 27, 2026
Other
Misc. Information
Expense Term: Per Month
Expenses: 8619
Security System
Listing Information
LVT Date: 2022-07-29
Price Per SQFT: 1
Around this home
Schools
Center Point Elementary School
Public PreK-2 • Assigned • 0.9mi
1/10
Erwin Middle School
Public 6-8 • Assigned • 1.3mi
2/10
Center Point High School
Public 9-12 • Assigned • 1.9mi
1/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
6/10 Heat Factor
7 days above 105° expected this year, 21 days in 30 years
6/10 Wind Factor
27% chance of strong winds in next 30 years
5/10 Air Factor
7 unhealthy days expected this year, 9 days in 30 years
Provided by First Street
Historical weather
Center Point, AL • 35215
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Sun exposure
In this area, properties receive around 9 hours in
June and 4.8 hours in December, placing it below the
U.S. average for solar exposure.
9 hrs
4.8 hrs
JuneDecember
Provided by Shadowmap
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