FOR SALE
$769,000
14,608 SqFt 1 Acres

Prime Multi-Family Investment Opportunity Apartment Complex

1403 Leighton Ave, Anniston, Alabama 36207-3826 | Calhoun County


Property Details

Prime Multi-Family Investment Opportunity: 8-Unit Apartment Complex in Oxford, AL

Turn-Key Income Property Adjacent to Oxford High School

Secure your next high-performing asset with this exceptional 8-unit multi-family apartment complex located in the heart of Oxford, Alabama. Strategically positioned between the major metropolitan hubs of Birmingham and Atlanta, this property offers investors a rare combination of immediate cash flow, high demand, and a virtually maintenance-free structure.

Fully Renovated & "Like New" Interiors

Every square foot of this complex has been meticulously revitalized. Each of the eight 1-bedroom, 1-bathroom units has been freshly updated to meet modern market standards, ensuring high tenant retention and premium rental rates. Recent renovations include:

  • Modern Flooring: Durable and stylish new flooring throughout every unit.

  • Fresh Paint: A clean, neutral palette ready for immediate occupancy.

  • Updated Kitchens & Bathrooms: Fully remodeled spaces featuring new cabinetry, updated fixtures, and modern finishes.

  • New Appliances: Every unit comes equipped with a brand-new appliance package, significantly reducing future capital expenditure risks.

Superior Structure & Low Overhead

This investment is designed for efficiency and long-term stability. The full brick structure provides timeless curb appeal and superior durability with zero deferred maintenance.

  • Low Operating Expenses: Historically low expenses averaging only about $1,000 per year, thanks to a reliable handyman-on-call system.

  • Infrastructure: The property features a paved parking lot with dedicated spaces for all tenants.

  • Strong Yield: With all units currently generating $700 per month in rent, this property provides a consistent and lucrative revenue stream from day one.

Unbeatable Location & Market Demand

The "location, location, location" rule is in full effect here. Situated directly beside the rapidly growing Oxford High School, the complex is perfectly positioned to serve local professionals, faculty, and commuters.

  • Interstate 20 Access: Located just moments from I-20, providing a seamless commute to Oxford’s commercial centers and quick travel between Birmingham and Atlanta.

  • Thriving Commerce Hub: Oxford continues to see significant economic growth, making this a prime area for long-term property appreciation.

Property Highlights at a Glance:

  • Total Units: 8 (all 1BR/1BA)

  • Condition: Fully renovated / "Like New"

  • Construction: Full Brick (Low Maintenance)

  • Monthly Rent: $700 per unit ($5,600 total monthly potential)

  • Annual Expenses: ~$1,000 (Highly efficient management)

  • Parking: Paved onsite parking spaces

  • Location: Immediate proximity to Oxford High School and I-20

Whether you are looking to expand your existing portfolio or enter the thriving Alabama real estate market with a turn-key asset, this Oxford multi-family complex represents a prime investment opportunity that won't last long.

Don't miss out on this high-yield property—contact us today for financial details and to schedule a private showing!

Property Features

  • 12 Units
  • All 2 bedroom, 1 bath
  • Cap @ 7.2%
  • Medical and Professional area
  • Full Brick
  • Screened porches
  • Great Rental History
  • Commercial Property
  • Investment & Income

Property Details

Street Address:

  1403 Leighton Ave

City:

  Anniston

State:

  Alabama

Postal Code:

  36207-3826

Country:

  United States

County:

  Calhoun

Listing ID:

  01066-010001