107 Bailey Street, Rainbow City, AL 35906

Rainbow City
Local realty services provided by:Better Homes and Gardens Real Estate Southern Premiere
107 Bailey Street,Rainbow City, AL 35906
$2,105,000
  • - Beds
  • - Baths
  • 28,000 sq. ft.
  • Multi-family
  • Active
Listed by: shasta quick
Office: era king real estate
MLS#:21923737
Source:AL_NALMLS

Price summary

  • Price:$2,105,000
  • Price per sq. ft.:$75.18

About this home

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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Home facts

  • Year built:1976
  • Subdivision & Development:J. Lowery Rogers
  • Listing ID #:21923737
  • Added:68 day(s) ago
  • Updated:September 21, 2026 at 02:40 PM

Rooms and interior

  • Kitchen Description:Oven, Refrigerator
  • Living area:28,000 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Central Heat
  • Central air:Yes

Structure and exterior

  • Year built:1976
  • Building area:28,000 sq. ft.
  • Construction Materials:Frame
  • Exterior Features:Curb/Gutters, Patio, Privacy Fence

Schools

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

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$2,105,000
  • Price per sq. ft.:$75.18

Features and amenities

  • Appliances:Oven, Refrigerator
  • Laundry features:Washer Dryer Hookup

Parking

  • Total parking spaces:42
  • Parking description:Parking Lot, Private
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