*** ********* ***, ********, AL
16.76% return
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Property Description

Amazing investment opportunity!

Quadplex. Brick construction. Brand new roof. 2bed/1bath units. City can support $850/month rents after full cosmetic renovation. Growing area with tons of upside. Minutes away from a major university. Crew is available for renovations. Tons of upside. Will not last!

Property Information

  • Listing statusPending
  • Property typeMulti Family
  • Total units4
  • Total bedrooms8
  • Total bathrooms4
  • Building size3312 sq. ft.
  • Lot size0.0 acres
  • Year built1970
  • County******** County
  • Subdivision********** *********
  • ConstructionBrick
  • RoofShingle
  • Water sourceCity
  • Water disposalSewer
  • HeatingCentral
  • CoolingCentral air

Property Financial Summary

  • Asking price $150,000
  • Estimated rehab 1 $40,000
  • Total investment $190,000
  • Type Proforma
  • After repair value $240,000
  • Potential profit $50,000
  • Gross income (annually) $40,800
  • Operating expenses (annually) $8,949
  • Net income (annually) $31,851
  • Gross return 21.47%
  • Gross income (monthly) $3,400
  • Operating expenses (monthly) $746
  • Net income (monthly) $2,654
  • Net return 16.76%

Property Income & Expenses

  • Income
  • Unit 1: 2 bed / 1 bath $850/month $10,200/year
  • Unit 2: 2 bed / 1 bath $850/month $10,200/year
  • Unit 3: 2 bed / 1 bath $850/month $10,200/year
  • Unit 4: 2 bed / 1 bath $850/month $10,200/year
  • Total $3,400/month $40,800/year
  • Expenses
  • Property Taxes $102/month $1,229/year
  • Insurance $167/month $2,000/year
  • Maintenance reserve $417/month $5,000/year
  • Lawn care $60/month $720/year
  • Total $746/month $8,949/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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