*** ********* ***, ********, AL
13.78% return
SP:
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Property Description

CHEAP RENTAL DUPLEXES!!! 

Only 27k per unit!!! Absolute steal in this market. Brick construction, separate electric and water meters, central heat and air, city water and sewer. Most of duplexes have brand new metal roofs!! All utilities paid by tenants. 13.78% NET RETURN ON INVESTMENT. ADD $40,000 IN EQUITY AFTER SIMPLE RENOVATIONS AND BETTER MANAGEMENT. Located minutes away from Fort Rucker Military base. Great area with tons of potential. Will not last, call us today!!! 

Professional management and financing is available.

Property Information

  • Listing statusActive
  • Property typeMulti Family
  • Total units10
  • Total bedrooms20
  • Total bathrooms10
  • Building size7985 sq. ft.
  • Lot size0.0 acres
  • Year built1956
  • County******** County
  • Subdivision********** *********
  • ConstructionBrick
  • RoofShingle
  • Water sourceCity water
  • Water disposalSewer
  • HeatingCentral
  • CoolingCentral air

Property Financial Summary

  • Sale price $270,000
  • Estimated rehab 1 $15,000
  • Total investment $285,000
  • Type Proforma
  • After repair value $325,000
  • Potential profit $40,000
  • Gross income (annually) $51,000
  • Operating expenses (annually) $11,721
  • Net income (annually) $39,279
  • Gross return 17.89%
  • Gross income (monthly) $4,250
  • Operating expenses (monthly) $977
  • Net income (monthly) $3,273
  • Net return 13.78%

Property Income & Expenses

  • Income
  • Duplex #1
  • Unit 1191: 2 bed / 1 bath $425/month $5,100/year
  • Unit 1193: 2 bed / 1 bath $425/month $5,100/year
  • Duplex #2
  • Unit 1207: 2 bed / 1 bath $425/month $5,100/year
  • Unit 1209: 2 bed / 1 bath $425/month $5,100/year
  • Duplex #3
  • Unit 1219: 2 bed / 1 bath $425/month $5,100/year
  • Unit 1221: 2 bed / 1 bath $425/month $5,100/year
  • Duplex #4
  • Unit 1160: 2 bed / 1 bath $425/month $5,100/year
  • Unit 1162: 2 bed / 1 bath $425/month $5,100/year
  • Duplex #5
  • Unit 1140: 2 bed / 1 bath $425/month $5,100/year
  • Unit 1142: 2 bed / 1 bath $425/month $5,100/year
  • Total $4,250/month $51,000/year
  • Expenses
  • Property Taxes $179/month $2,151/year
  • Insurance (estimated) $188/month $2,250/year
  • Maintenance reserve $250/month $3,000/year
  • Property Management $300/month $3,600/year
  • Lawn care $60/month $720/year
  • Total $977/month $11,721/year

Property Questions & Answers

Q: How do I make an offer on this property?
A: Placing an offer is a simple process. All offers must be presented in writing with an escrow deposit of 10% or $5,000, whichever is larger. Escrow has to be sent to the attorney or title company who is handling the file for this property. Please send us an inquiry and one of our team members will get in touch with you to further assist you. You can also give us a call.

Q: Does this property come with clear title?
A: All our properties come with clear title. We highly recommend you purchase title insurance as well.

Q: Why is the property address and location information hidden?
A: This property is a premium property and is completely off-market. Full access is available to premium clients only. If you are not a premium client, we require to have an executed non-disclosure agreement on file in order to share the property details with you.

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