Lake Homes Realty
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309 caldwell street

Tallassee, AL 36078

6 BEDS 3-Full BATHS
1.24 AC LOT
Residential - Single Family
Image 1
Bedrooms 6
Total Baths 3
Full Baths 3
Acreage 1.24
Status Off Market
MLS # 581597
County Tallapoosa
More Info
Category Residential - Single Family
Status Off Market
Acreage 1.24
MLS # 581597
County Tallapoosa
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!
Location not available

Exterior Features

  • Style OneStory
  • Construction Single Family
  • Siding WoodSiding
  • Exterior Porch
  • Roof RidgeVents
  • Garage No
  • Garage Description Driveway
  • Water Public
  • Sewer SepticTank
  • Lot Description CityLot

Interior Features

  • Appliances ElectricRange, ElectricWaterHeater
  • Heating Central, Electric, SpaceHeater
  • Cooling CentralAir, CeilingFans, Electric, WindowUnits
  • Fireplaces Description None
  • Year Built 1978

Neighborhood & Schools

  • Subdivision Rural
  • Elementary School Tallassee Elementary School
  • Middle School Southside Middle School,
  • High School Tallassee High School

Financial Information

  • Parcel ID See Notes

Listing Information

Properties displayed may be listed or sold by various participants in the MLS.