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28,000 sqft

$2,105,000

107 Bailey Street, Rainbow City AL, 35906

Price per sqft$75.18
Built in1976
Property size28,000 sqft
Property typeCondominium

Overview

Pending

Listed Jul 14, 2026

Updated 5 days ago

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.

$14,005/mo

Est. mortgage payment based on a $2,105,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
21923737

Interior Features

Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
1.83 Acres

Courtesy of Era King Real Estate, Shasta Quick

Listing Contact:  

The data relating to real estate for sale on this web site comes in part from the IDX Programs of Valley MLS. Real estate listings held by brokerage firms other than Keller Williams Realty® are marked with the IDX logo and detailed information about them includes the name of the listing office. 

©2026 Valley MLS. All rights reserved. All information provided is deemed reliable but is not guaranteed and should be independently verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified.  IDX information is provided exclusively for consumers' personal, non-commercial use and it may not be used for any purpose other than to identify prospetive properties consumers may be interested in purchasing.

Data last updated 10/3/2026 3:44 AM UTC

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