309 Caldwell Street,Tallassee, AL 36078

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Property Type
Residential
Square Feet
3,680 sq. ft.
Bedrooms
6 Bedrooms
Bathrooms
3
Price
$149,900
MLS #
#581597

About This Property

CALLING ALL INVESTORS!
3 income-producing homes + 5 additional lots sold as a package deal!

Acreage, square footage, and bed/bath count shown in the listing represent the combined total for all properties included and listed address is the 1/1 unit with individual addresses below. A full spreadsheet with individual unit breakdowns—expenses, NOI, cap rate, and more—is available upon request.

Pictures are organized by front of home then inside pictures of that home.

This package is 100% occupied with leases in place through October 1, 2026, providing immediate and secure cash flow. The residential units include:

1/1 home at approximately 800± sq ft 309 Caldwell St (Heating and cooling are window units and space heaters)

2/1 home at approximately 1,080± sq ft 121 N Ashurst Ave (Heating and cooling are window units and space heaters)

3/1 home at approximately 1,800± sq ft 125 N Ashurst Ave (Heating and cooling is central)

These three homes sit on a combined 0.40± acres, and just down the street are five additional lots totaling 0.84± acres, all included in the sale. A recent survey for the 5 lots has already been completed and is available for review.

This investment opportunity offers a 12% cap rate as-is, with significant upside potential for improvements, increased rents, or additional development—making it an ideal addition to any portfolio.

Don’t miss out on this rare cash-flowing package! Call today for a​​‌​​​​‌​​‌‌‌​​‌​‌​​​‌‌​​‌​​​​‌‌ showing!

List Price
$149,900
Status
Active
MLS ID
581597
Town
Tallassee
Neighborhood
Rural
County
Tallapoosa
Zip
36078
Property Type
Residential
Property Sub Type
SingleFamilyResidence
Acres
1.24
City Postal
Tallassee
Construction
WoodSiding
Cooling
CentralAir,CeilingFans,Electric,WindowUnits
Directions
From Gilmore Avenue in Tallassee, Cross over the bridge at the dam and follow Highway 14 (Central Blvd). Right onto Caldwell St. Houses are at the corner of Caldwell and N Ashurst. Lots are Across Sims Ave on Riverside Dr
Flooring
Carpet,Plank,Tile,Vinyl
Frontage Access
Paved
Frontage Feature
PublicRoad
Heating
Central,Electric,SpaceHeater
Lot Dimension
Irr
Original List Price
$149,900
School Elementary
Tallassee Elementary School
School High
Tallassee High School
School Middle
Southside Middle School,
Utilities Available
ElectricityAvailable