56-Unit Apartment Complex with Expansion Potential
Stabilized Income + Immediate Growth Opportunity
This is a rare opportunity to acquire a fully stabilized multifamily asset with built-in expansion upside. The 56-unit, single-level apartment complex is currently cash-flowing, consisting of:
55 units: 2 bedroom / 1 bath with kitchen, living room, and in-unit laundry
1 unit: 1 bedroom / 1 bath with kitchen, living room, and in-unit laundry
Ground-level access and direct-to-door parking enhance tenant appeal, reduce turnover, and simplify ongoing maintenance and operations.
The property includes 16.76 ± total acres, with 9 ± acres of undeveloped land already zoned for multifamily, providing immediate scalability for additional units. City water and sewer through the City of Attalla are available, supporting future density and development.
Financials are available to qualified buyers upon request. Demand is established, and expansion potential is ready.
Investment Highlights
56 total units with stabilized occupancy
9 ± acres zoned for multifamily expansion
16.76 ± total acres
Ground-level design with direct parking access
Firewalled units for enhanced safety and reduced risk exposure
Attalla city water and sewer available
Strong development economics with high scalability
This asset is ideal for buy-and-hold investors, developers, private equity groups, and 1031 exchange buyers seeking both immediate income and long-term growth. Opportunities with stabilized occupancy, multifamily zoning, and expansion capacity already aligned are increasingly scarce.
Tract Breakdown
Tract One:
Four separate buildings totaling 16 apartment units (1 unit currently used as storage) on 1.60 ± acres with 356 ± feet of frontage on Houk Road.
Tract Two:
Five separate buildings totaling 23 apartment units plus one individual 1BR/1BA unit on 3.30 ± acres with 372 ± feet on Houk Road and 168 ± feet on Pleasant Valley Road.
Tract Three:
Undeveloped 2.02 ± acres with 365 ± feet on Pleasant Valley Road.
Tract Four:
Undeveloped 2.04 ± acres with 260 ± feet on Pleasant Valley Road and 474 ± feet on Deled Drive.
Tract Five:
Undeveloped 2.41 ± acres with 603 ± feet on Deled Drive.
Tract Six:
Undeveloped 2.52 ± acres with 285 ± feet on Deled Drive.
Tract Seven:
Three separate buildings totaling 16 apartment units on 2.87 ± acres with 147 ± feet on Houk Road.
The property will be offered in individual tracts, requested combinations of tracts, and as a whole, providing maximum flexibility for investors and developers.
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