*** ********* ***, ********, AL
16.08% return
SP:
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Property Description

Great investment! 19 units + single family. Great condition. Located in a nice rural area of Alabama. Low crime. Sparate meters for electric and water. Central heat and air. City water and sewer. Nice metal roofs. House needs some cosmetic improvements. Tons of potential to increase rents. Low expenses.

Property Information

  • Listing statusActive
  • Property typeMulti Family
  • Total units20
  • Total bedrooms37
  • Total bathrooms20
  • Building size19347 sq. ft.
  • Lot size0.0 acres
  • Year built1950 - 1970
  • County******** County
  • Subdivision********** *********
  • ConstructionBrick
  • RoofMetal, Shingle
  • Water sourceCity
  • Water disposalSewer
  • HeatingCentral
  • CoolingCentral air

Property Financial Summary

  • Sale price $485,000
  • Estimated rehab 1 $0
  • Total investment $485,000
  • Type Proforma
  • Gross income (annually) $87,600
  • Operating expenses (annually) $9,600
  • Net income (annually) $78,000
  • Gross return 18.06%
  • Gross income (monthly) $7,300
  • Operating expenses (monthly) $800
  • Net income (monthly) $6,500
  • Net return 16.08%

Property Income & Expenses

  • Income
  • *** ********* ***
  • 3 bed / 1 bath $550/month $6,600/year
  • *** ********* ***,
  • Unit 21: 2 bed / 1 bath $300/month $3,600/year
  • Unit 21: 2 bed / 1 bath $300/month $3,600/year
  • Unit 22: 2 bed / 1 bath $300/month $3,600/year
  • Unit 22: 2 bed / 1 bath $300/month $3,600/year
  • Unit 23: 2 bed / 1 bath $300/month $3,600/year
  • Unit 24: 2 bed / 1 bath $300/month $3,600/year
  • Unit 25: 2 bed / 1 bath $300/month $3,600/year
  • Unit 26: 2 bed / 1 bath $300/month $3,600/year
  • *** ********* ***, 7 units
  • Unit 1: 2 bed / 1 bath $400/month $4,800/year
  • Unit 2: 2 bed / 1 bath $400/month $4,800/year
  • Unit 3: 2 bed / 1 bath $400/month $4,800/year
  • Unit 4: 2 bed / 1 bath $400/month $4,800/year
  • Unit 5: 2 bed / 1 bath $400/month $4,800/year
  • Unit 6: 1 bed / 1 bath $375/month $4,500/year
  • Unit 7: 1 bed / 1 bath $375/month $4,500/year
  • *** ********* ***, Quadplex
  • Unit 1: 2 bed / 1 bath $400/month $4,800/year
  • Unit 2: 2 bed / 1 bath $400/month $4,800/year
  • Unit 3: 2 bed / 1 bath $400/month $4,800/year
  • Unit 4: studio / 1 bath $400/month $4,800/year
  • Total $7,300/month $87,600/year
  • Expenses
  • Property Taxes $342/month $4,100/year
  • Insurance $142/month $1,700/year
  • Lawn care $150/month $1,800/year
  • Maintenance reserve $167/month $2,000/year
  • Total $800/month $9,600/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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