100 Yvon Street Listing Details & Market Data

100 Yvon Street, Odenville, AL 35120

  • For Sale $2,200,000
  • Property Type Multi-Family
  • Property Size 19,070 SF
  • Units 16
  • Lot Size 9.77 Acre
  • Property Tenancy Single Tenant
  • Year Built 2005
  • Year Renovated 2022
  • Date Updated Apr 11, 2024
Located of Blair Farm Road approximately 1.2 miles from Hwy 411.Red Rock is pleased to present Magnolia Manor, a 16 unit apartment community located in growing Odenville, AL. The +/-95% occupied property presents investors an excellent opportunity to acquire a stabilized asset that is both generating income and offers upside through building additional units on the west side of the property. The private sewer system was designed to accommodate 32 units and clubhouse. Originally constructed in 2005, the property is comprised of 3 buildings totalling 19,070 sf. The clubhouse/event venue is +/- 4,360 rentable sf while the garden-style apartment buildings are +/- 14,710 rentable sf. All 16 units have grade-level exterior access with enclosed garages. Property is located on a +/- 25.9 acre parcel with room to expand and in-place infrastructure. The property is comprised of eight 1BR/1BA units and eight 2BR/1BA units. Over $300,000 in renovations have been completed to the clubhouse including new flooring, audio-visual upgrades, lifted ceiling, new paint, new lighting, new bathroom fixtures, new doors, installation of gutters, removal of old exterior deck, installation of a concrete patio, and removal of walls. Additionally, over $100,000 in renovations have been completed on the apartment units including installation of hardi-board on rear exterior wall of buildings, installation of new flooring, installation of gutters, and new paint. The owner is responsible for water, trash collection, property taxes and insurance. All other utilities are paid by the tenants.Newly renovated wedding and event venue for sale within 30 minutes of downtown Birmingham. Covered porte cochere leads to a large 2,700 sf meeting hall/chapel fully equipped with sound and audio visual system. Gathering room opens to a huge railed patio with wheelchair access overlooking the acreage. Building includes a full kitchen with 4' hood, Vulcan 6 burner range, double oven, 3 compartment sink and commercial dishwasher. In addition to several storage/dressing rooms, there are two large ADA restrooms. Over 850 sf of decked storage upstairs has separate exit stair and could easily be converted to a bridal or groom suite.

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Highlights

  • Land for Expansion
  • Large Clubhouse/Event Center/Restaurant
  • Full Kitchen in Clubhouse
  • Patio Overlooking Acreage
  • Ample Parking & Garage Spaces

Contacts

broker

Bud Ballard

Red Rock Realty Group

(205) 515-1505

Location

Getting Around

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    Somewhat Bikeable (26)
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  • City Odenville, AL
  • Neighborhood Odenville
  • Zip Code 35120
  • Market Birmingham

Points of Interest

  • Odenville Discount Store

    1.48 miles

  • Shell

    1.62 miles

  • Shell

    6.52 miles

  • Chevron

    6.52 miles

  • Pop's Grocery

    6.59 miles

  • Chevron

    6.78 miles

  • Shell

    7.06 miles

  • Exxon

    8.23 miles

  • Murphy USA

    8.29 miles

  • Exxon

    8.31 miles

  • Ninth Grade Academy parking

    8.43 miles

  • Louie's Pickles

    1.33 miles

  • R & R Bar-B-Que

    1.78 miles

  • Jack's

    1.86 miles

  • Subway

    6.92 miles

  • Fox's Pizza Den

    6.98 miles

  • Jack's

    7.03 miles

  • La Cazuela

    7.66 miles

  • Chick-fil-A

    8.16 miles

  • The Purple Onion

    8.17 miles

  • Golden Rule

    8.20 miles

  • Odenville Intermediate School

    1.87 miles

  • Saint Clair County High School

    1.89 miles

  • Odenville Middle School

    1.93 miles

  • Odenville Elementary School

    2.02 miles

  • Moody Junior High School

    4.04 miles

  • Moody Middle, Junior High, and High Schools

    4.11 miles

  • Saint Clair County High School

    4.16 miles

  • Moody Middle School

    4.26 miles

  • Margaret Elementary

    4.33 miles

  • Moody High School

    4.34 miles

Contact Listing Broker

broker

Bud Ballard

Red Rock Realty Group

(205) 515-1505