2112 MARTIN LUTHER KING DR Jasper, AL 35501

Seller purchased these apartments a few years back. They started the renovations, but have decided to pursue a different niche. So, this is a rare offering. This multifamily has a ton of untapped forced appreciation.There's a lot of meat on the bone with this 8 unit apartment complex located in Jasper. Only one apartment has been renovated at this time. The rent is grossly under market with a huge value added potential by raising rents to market rates and sub metering the water. There is close to $300,000 in total untapped equity. Roof is less than a year old. This property is being offered at its current condition, for $299,000. This is an outstanding opportunity to jump into the multifamily niche and build significant (6 figure) equity. Located less than 2 miles from center of Jasper.