*** ********* ***, ********, AL
13.50% return
LP:
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Property Description

Value Add Opportunity! 6 Unit building, not fully occupied. Needs updating. 2 Units w/1 Bed, 3 units w/2 Beds & 1 Unit w/3 beds. Roof is 15 yrs old.

Property Information

  • Listing statusCancelled
  • Property typeMulti Family
  • Total units6
  • Total bedrooms11
  • Total bathrooms6
  • Building size6 sq. ft.
  • Lot size0.3 acres
  • Year built1948
  • County******** County
  • Subdivision********** *********
  • ConstructionCBS
  • RoofShingle
  • Water source(unknown)
  • Water disposal(unknown)
  • Heating(unknown)
  • Cooling(unknown)

Property Financial Summary

  • Asking price $150,000
  • Estimated rehab 1 $25,000
  • Total investment $175,000
  • Type Proforma
  • After repair value
  • Potential profit
  • Gross income (annually) $27,000
  • Operating expenses (annually) $3,376
  • Net income (annually) $23,624
  • Gross return 15.43%
  • Gross income (monthly) $2,250
  • Operating expenses (monthly) $281
  • Net income (monthly) $1,969
  • Net return 13.50%

Property Income & Expenses

  • Income
  • Unit 1: 1 bed / 1 bath $350/month $4,200/year
  • Unit 2: 1 bed / 1 bath $350/month $4,200/year
  • Unit 3: 2 bed / 1 bath $375/month $4,500/year
  • Unit 4: 2 bed / 1 bath $375/month $4,500/year
  • Unit 5: 2 bed / 1 bath $375/month $4,500/year
  • Unit 5: 3 bed / 1 bath $425/month $5,100/year
  • Total $2,250/month $27,000/year
  • Expenses
  • Water bill $50/month $600/year
  • Electric bill $17/month $204/year
  • Insurance $150/month $1,800/year
  • Property Taxes $64/month $772/year
  • Total $281/month $3,376/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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