Investment Development Property Auction — Thursday, May 7, 2026, 11 AM (CDT)
Prime Multi‑Family Development Opportunity — 2.8 ± Acres in Sardis City, AL
This exceptional 2.8 ± acre tract in Sardis City (Etowah County) is being offered at auction and presents a rare opportunity for developers, investors, and builders. The property has already been approved for seven duplex apartment buildings, allowing for a total of 14 two‑bedroom, one‑bath units—a great multi‑family project in a high‑demand rental market.
Strategic Location
Situated in Sardis City, directly bordering the City of Boaz to the north
U.S. Route 431 runs along the west side of town, providing excellent visibility and accessibility
Only 8 miles to Albertville and 17 miles to Gadsden, the Etowah County seat
Convenient access to schools, retail, employment centers, and regional transportation corridors
Development‑Ready
Approved site plan for 7 duplexes (14 total units)
Ideal for long‑term rental income, build‑to‑rent portfolios, or phased development
Gently rolling acreage suitable for efficient construction and site layout
Why This Property Stands Out
Hard‑to‑find multi‑family approved land in a growing area
Strong regional demand for quality rental housing
Proximity to major employers and commercial hubs
Excellent commuter access via U.S. 431
Auction Site: On location at 760 Patterson Street, Sardis City, AL 35956
Directions: From Boaz (WALGREENS) at the intersection of US-431 S and AL-168, take US-431 S for 0.7 mi and turn left onto Roden Ave, travel 0.9 mi and continue onto Patterson St for 0.7 mi property will be on the left.
Preview: You may preview the property at any time.
Registration: Registration will begin at 10 AM on sale day. All interested persons must register to bid prior to bidding.
Forms of Payment: Cash, Check, and Wire Transfer ($15 fee for wire transfer). All Credit/Debit Cards (Visa, Master Card, Discover, & American Express) are accepted with a 4% fee for in person or online purchases.
Terms and Conditions:
SELLER: MJM Rentals, LLC
REAL ESTATE CONSUMER’S AGENCY & DISCLOSURE ACT: The Listing and Selling Company is Swafford Auction Group, LLC and our duties of loyalty and faithfulness are owed to our client in this transaction, the Seller. Swafford Auction Group, LLC will assist the purchaser(s) as a Transaction Broker.
CONDITIONS OF THE AUCTION: The Seller does warrant a good and marketable title to the real estate and will convey the same with a general warranty deed, free and clear of any and all encumbrances, judgments, or liens. ALL PROPERTIES ARE BEING SOLD “AS IS”.
AUCTION ORDER: We will offer the property located at 760 Patterson Street, Sardis City, AL 35956 by the dollar.
This is a public auction. Swafford Auction Group, LLC and the Auctioneer reserve the right to accept or reject any bid. All decisions made by the auctioneer are final.
RESERVATIONS AND RESTRICTIONS: We are selling subject to all rules and regulations of any appropriated authority having jurisdiction over the subject property.
We are selling subject to all utilities and right-of-way easements either recorded or unrecorded.
SURVEY: We are selling from a previous survey, tax map, and recorded deed.
CLOSING ATTORNEY/LOCATION: The purchaser may select an attorney of their choice to conduct the closing of the property, provided that the attorney is a licensed real estate attorney in the State of Alabama.
CLOSING COST: The Seller will provide a warranty deed at closing, ANY and ALL other closing costs incurred, including but not limited to title search, title insurance, recording fees, and closing fees will be at the purchaser’s expense.
TAXES: The 2026 Property Tax will be prorated to the date of closing.
TERMS: A 10% buyer’s premium will be added to the purchaser’s bid to determine the final purchase price for the real estate. The 10% buyer’s premium is due today and shall serve as the deposit.
An 11% buyer’s premium will be applied to all online bids and added to the high bid to determine the final purchase price. The buyer’s premium of 11% shall be wired or delivered no later than 5:00 PM on Friday, May 8, 2026, and will serve as the deposit for the real estate.
The deposit will be held in escrow until closing. The remaining balance is due at closing. Closing will be held on or before June 7, 2026.
CONFIRMATION: All the real estate is being offered subject to Seller’s confirmation. Once confirmed, the high bidder will enter into an Auction Sales Contract today for the real estate and will be responsible for carrying out their obligations set forth in the contract and the Terms and Conditions of the contract.
BUYERS NOTE: Prior to the auction, all prospective purchasers should examine the property and all surrounding documentation carefully as each bidder is responsible for evaluating the property and shall not rely on the Seller or the Auctioneers. Seller and Auctioneers are assuming that the bidders have inspected the property and are satisfied and accept them “AS, IS” without any warranties expressed or implied. Personal on-site inspection of the property is recommended.
The failure of any bidder to inspect or to be fully informed as to the condition of all or any portion of the property offered will not constitute grounds for any claim or demand for adjustment or withdrawal of a bid, offer, or deposit money after its opening tender. This sale is not contingent on a potential buyer’s ability to obtain financing.
All information was obtained from sources believed to be correct. Although every precaution has been taken to insure accuracy, SWAFFORD AUCTION GROUP, LLC and all its agents, the SELLER and all their agents will not be responsible for any errors or omissions herein.
These announcements supersede any prior oral, printed or published statements and will be attached to and made a part of the Auction Sales Contract as Exhibit “A”.
We, the undersigned parties to this transaction certify that we have read and do understand and agree to the above terms and conditions.
