*** ********* ***, ********, AL
Print
12.12% return
LP:
Video Photos Street View Map
The slide show is now full screen. Push Escape to exit. You can use the left/right arrows and Home/End buttons to navigate the images.
Slideshow image 1

Property Description

Great turnkey property!

6 building on 3 acres. 1 Triplex, 2 Duplexes & 3 Single Family Homes. Only 1 unit is vacant. Potential to increase rents. Good condition, no deferred maintenace. Across the street from a school. Nice area. Property management is available. High returns on investment. 

Property Information

  • Listing statusActive
  • Property typeMulti Family
  • Total units10
  • Total bedrooms20
  • Total bathrooms10.5
  • Building size8411 sq. ft.
  • Lot size3.0 acres
  • Year built1965
  • County******** County
  • Subdivision********** *********
  • ConstructionBrick
  • RoofShingle
  • Water sourceCity
  • Water disposalSeptic
  • HeatingELECTRIC, ENG F AIR
  • CoolingWindow A/C

Property Financial Summary

  • Asking price $265,000
  • Estimated rehab 1 $0
  • Total investment $265,000
  • Type Proforma
  • Gross income (annually) $49,800
  • Operating expenses (annually) $17,695
  • Net income (annually) $32,105
  • Gross return 18.79%
  • Gross income (monthly) $4,150
  • Operating expenses (monthly) $1,475
  • Net income (monthly) $2,675
  • Net return 12.12%

Property Income & Expenses

  • Income
  • Triplex
  • Unit 163: 1 bed / 1 bath $400/month $4,800/year
  • Unit 165: 1 bed / 1 bath $400/month $4,800/year
  • Unit 167: 1 bed / 1 bath $250/month $3,000/year
  • Duplex #1
  • Unit 715: 2 bed / 1 bath $450/month $5,400/year
  • Unit 717: 2 bed / 1 bath $375/month $4,500/year
  • House #1
  • Unit 721: 3 bed / 1 bath $450/month $5,400/year
  • Duplex #2
  • Unit 729: 2 bed / 1 bath $350/month $4,200/year
  • Unit 731: 2 bed / 1 bath $475/month $5,700/year
  • House #2
  • Unit 739: 3 bed / 1 bath $450/month $5,400/year
  • House #3
  • Unit 747: 3 bed / 1.5 bath $550/month $6,600/year
  • Total $4,150/month $49,800/year
  • Expenses
  • Well $150/month $1,800/year
  • Lawn care $630/month $7,560/year
  • Property Management $370/month $4,440/year
  • Property Taxes $116/month $1,395/year
  • Insurance $208/month $2,500/year
  • Total $1,475/month $17,695/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.

Unlock address

This is a premium off-market property. In order to unlock the address, you will need to sign a non-disclosure agreement. Please sign up or sign in into your account to get started.

Sign In Sign Up

Share Listing

Copyright by Real Pro, Inc 2020 . All Rights Reserved.