200 45th St NE
Fort Payne, AL 35967
Cherokee Apartments · Multifamily Property For Sale
·
47 Units
PROPERTY FACTS
| No. Units | 47 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 4.00 AC |
| Building Size | 51,971 SF |
| Average Occupancy | 98% |
| No. Stories | 2 |
| Year Built/Renovated | 1978/2008 |
| Parking Ratio | 1.5/1,000 SF |
UNIT AMENITIES
- Air Conditioning
- Balcony
- Heating
- Kitchen
- Oven
- Tub/Shower
- Porch
SITE AMENITIES
- Pool
- Property Manager on Site
- Private Bathroom
ABOUT 200 45TH ST NE , FORT PAYNE, AL 35967
Apartments are conveniently located across from the high school and close to the elementary and middle school being built. Also just down the street from one of the worlds largest makers of Garbage Trucks, Heil Enviromental. Apartments are on city water & city sewer and is paid by the owner. Garbage is included in the bill and runs around $1,800 a month. Roofs are about 15 years old. All electric no gas, central heat & air units. Apartments are in good shape but could use a little TLC to freshen them up. Apartments rent from $390-460 a month. Owner will not do owner financing. 24 of the units are town home style. Agent willing to put in $50,000 for a silent ownership interest. Notes: square feet is estimated and when it was renovated. # of buildings is estimated but close.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 46 | - | - |
| 4+2 | 1 | - | - |
PROPERTY TAXES
| Parcel Number | 14-08-27-0-001-062.000 | Improvements Assessment | $400,580 |
| Land Assessment | $12,000 | Total Assessment | $412,580 |
ZONING
| Zoning Code | 113 |
