Melanie Brooks Real Estate Agent

Melanie Brooks

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License#: 51655
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107 bailey street, rainbow city, AL 35906 Sold on

  • $2,105,000
  • 0 BedBeds
  • 0 BathBaths
  • SqftSqft
  • Typesingle family
  • Active
  • MLS# 21923737
  • Open House
  • New Listing
  • Price Reduced
  • Virtual Tour
  • Active

Instant Income-Producing Investment Opportunity! Seize this exceptional opportunity to own a 38-unit apartment complex providing historical occupancy and rental income from day one. This well-maintained property features a desirable unit mix of 31 two-bedroom units with 1½ bath and 7 one-bedroom units with 1 bath appealing to a broad range of tenants. Located in Rainbow City, an economical and residential bright spot within the Gadsden and Etowah County area just minutes from shopping, schools and major interstate access. This apartment complex presents an outstanding opportunity with long-term growth potential.

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General

  • Property Type: Single Family
  • Status: Active
  • MLS#: 21923737
  • List Price: $2,105,000
  • List Date: 07/14/2026
  • Year Built: 1976
  • County: ETOWAH
  • Subdivision: J. Lowery Rogers
  • Directions: From Gadsden Mall, Drive 411 S Towards Rainbow City. Turn Right Onto Hollingsworth Ave, Right Onto Wren Ave, Property On The Left.

Exterior Features

  • Exterior Features: Curb/Gutters
  • Parking: Private, Lighted, Parking Lot

Size and Lot

  • Acres: 1.83

Schools

  • Elementary: John S Jones Elementary
  • Middle: Rainbow
  • High: Southside High School

Utilities

  • Cooling: Central Air
  • Water: Public
  • Sewer: Public Sewer
  • Heating: Central
 

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  • Office

  • 7 Town Center Drive NW Suite 201 Huntsville AL 35806
  • Qualifying Broker
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