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Logan Portfolio

14 Multifamily Properties Offered at $1,850,000 in Multiple Locations

Investment Highlights

  • combined rentable square footage of 21,714 sq. ft

Executive Summary

The Logan Portfolio is a diverse collection of 20 single family and multi-unit properties located in the charming towns of Florence, Tuscumbia, and Sheffield in The Shoals, as well as Birmingham. This impressive portfolio features 12 single family homes, along with a quad, triplex, and duplex, offering a total of 20 units. All properties are generally stay 100% occupied, providing solid returns and consistent cash flow for investors. Spanning from 1910 to 1972, these properties have undergone updates and renovations as needed, ensuring modern comforts for tenants. With the exception of 605 St Louis Ave, all utilities are paid by the tenants themselves. This exceptional investment opportunity boasts a combined rentable square footage of 21,714 sq. ft., with an average unit size of 1,086 sq. ft. The average effective rent per unit is $793, representing a favorable return on investment. The Logan Portfolio's prime locations in both The Shoals and Birmingham offer access to vibrant communities, a thriving economy, and a range of amenities. Don't miss out on this lucrative real estate opportunity.

Property Facts

Price $1,850,000
Price / SF $84.21 / SF
Sale Type Investment
Status Active
Number of Properties 14
Individually For Sale 0
Total Building Size 21,970 SF
Total Land Area 4.94 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
503 Saint Louis Ave, Sheffield, AL 35660 Multifamily 959 SF 1926 -
508 Little Rock Ave, Sheffield, AL 35660 Multifamily 1,140 SF 1958 -
509 Saint Louis Ave, Sheffield, AL 35660 Multifamily 2,458 SF 1965 -
502 Little Rock Ave, Sheffield, AL 35660 Multifamily 1,051 SF 1958 -
416 Lewis Ave, Florence, AL 35630 Multifamily 2,136 SF 1950 -
515 Saint Louis Ave, Sheffield, AL 35660 Multifamily 1,536 SF 1930 -
506 Little Rock Ave, Sheffield, AL 35660 Multifamily 1,140 SF 1958 -
605 Saint Louis Ave, Sheffield, AL 35660 Multifamily 950 SF 1920 -
605 W 6th St, Sheffield, AL 35660 Multifamily 1,409 SF 1958 -
721 N Jefferson St, Tuscumbia, AL 35674 Multifamily 2,025 SF 1930 -
1107 N Columbia Ave, Sheffield, AL 35660 Multifamily 624 SF 1930 -
1641 Azalea Dr, Birmingham, AL 35235 Multifamily 1,130 SF 1972 -
2212 5th Pl NW, Center Point, AL 35215 Multifamily 2,412 SF 1970 -
602 6th St W, Sheffield, AL 35660 Multifamily 3,000 SF 1950 -
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  • Listing ID: 32200387

  • Date on Market: 6/20/2024

  • Last Updated:

  • Address: Logan Portfolio, Sheffield, AL

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