Cash Cow Apartments
808 20th Street SW, Fayette, AL
21.85% return
LP:
Video Photos Street View Map

Property Description

BLOWOUT PRICING! Only $10k per door! 46 Units, 8 Buildings on 4 Parcels. Property will generate a 20%+ net return on investment. 30 x 2beds/1bath, 8 x 1bed/1bath, 8 x studios. Separate electric and water meters. City water and sewer. Concrete foundation. Hold for rental income or resell for huge profits! Nice area. Call today.

Property Information

  • Listing statusActive
  • Property typeMulti Family
  • Total units46
  • Total bedrooms(unknown)
  • Total bathrooms(unknown)
  • Building size25872 sq. ft.
  • Lot size0.5 acres
  • Year built1973 - 1977
  • CountyFayette County
  • SubdivisionQuail Run Apts
  • ConstructionBrick/Frame
  • RoofSHINGLE , Shingle
  • Water sourceCity
  • Water disposalSewer
  • HeatingCentral, Wall unit
  • CoolingCentral, Wall A/C Units

Property Financial Summary

  • Asking price $459,900
  • Estimated rehab 1 $200,000
  • Total investment $659,900
  • Type Proforma
  • After repair value $920,000
  • Potential profit $260,100
  • Gross income (annually) $178,800
  • Operating expenses (annually) $34,643
  • Net income (annually) $144,157
  • Gross return 27.10%
  • Gross income (monthly) $14,900
  • Operating expenses (monthly) $2,887
  • Net income (monthly) $12,013
  • Net return 21.85%

Property Income & Expenses

  • Income
  • 808 20th ST SW
  • Unit 37: 2 bed / 1 bath $350/month $4,200/year
  • Unit 38: 2 bed / 1 bath $350/month $4,200/year
  • Unit 39: 2 bed / 1 bath $350/month $4,200/year
  • Unit 40: 2 bed / 1 bath $350/month $4,200/year
  • Unit 41: 2 bed / 1 bath $350/month $4,200/year
  • 818 20TH ST SW
  • Unit 42: 2 bed / 1 bath $350/month $4,200/year
  • Unit 43: 2 bed / 1 bath $350/month $4,200/year
  • Unit 44: 2 bed / 1 bath $350/month $4,200/year
  • Unit 45: 2 bed / 1 bath $350/month $4,200/year
  • Unit 46: 2 bed / 1 bath $350/month $4,200/year
  • 819 20TH ST SW
  • Unit 47: 2 bed / 1 bath $350/month $4,200/year
  • Unit 48: 2 bed / 1 bath $350/month $4,200/year
  • Unit 49: 2 bed / 1 bath $350/month $4,200/year
  • Unit 50: 2 bed / 1 bath $350/month $4,200/year
  • Unit 51: 2 bed / 1 bath $350/month $4,200/year
  • 809 20TH ST SW
  • Unit 52: 2 bed / 1 bath $350/month $4,200/year
  • Unit 53: 2 bed / 1 bath $350/month $4,200/year
  • Unit 54: 2 bed / 1 bath $350/month $4,200/year
  • Unit 55: 2 bed / 1 bath $350/month $4,200/year
  • Unit 56: 2 bed / 1 bath $350/month $4,200/year
  • 818 20TH CT SW
  • Unit 57: 1 bed / 1 bath $300/month $3,600/year
  • Unit 58: 1 bed / 1 bath $300/month $3,600/year
  • Unit 59: 1 bed / 1 bath $300/month $3,600/year
  • Unit 60: 1 bed / 1 bath $300/month $3,600/year
  • Unit 61: 1 bed / 1 bath $300/month $3,600/year
  • Unit 62: 1 bed / 1 bath $300/month $3,600/year
  • Unit 63: 1 bed / 1 bath $300/month $3,600/year
  • Unit 64: 1 bed / 1 bath $300/month $3,600/year
  • 2043 10TH ST NW
  • Unit 65: 2 bed / 1 bath $350/month $4,200/year
  • Unit 66: 2 bed / 1 bath $350/month $4,200/year
  • Unit 67: 2 bed / 1 bath $350/month $4,200/year
  • Unit 68: 2 bed / 1 bath $350/month $4,200/year
  • Unit 69: 2 bed / 1 bath $350/month $4,200/year
  • 2124 7TH AVE SW
  • Unit 70: 2 bed / 1 bath $350/month $4,200/year
  • Unit 71: 2 bed / 1 bath $350/month $4,200/year
  • Unit 72: 2 bed / 1 bath $350/month $4,200/year
  • Unit 73: 2 bed / 1 bath $350/month $4,200/year
  • Unit 74: 2 bed / 1 bath $350/month $4,200/year
  • 115 6TH ST SW- POOLSIDE APTS
  • Unit 75: studio / 0 bath $250/month $3,000/year
  • Unit 76: studio / 0 bath $250/month $3,000/year
  • Unit 77: studio / 0 bath $250/month $3,000/year
  • Unit 78: studio / 0 bath $250/month $3,000/year
  • Unit 79: studio / 0 bath $250/month $3,000/year
  • Unit 80: studio / 0 bath $250/month $3,000/year
  • Unit 81: studio / 0 bath $250/month $3,000/year
  • Unit 82: studio / 0 bath $250/month $3,000/year
  • Total $14,900/month $178,800/year
  • Expenses
  • Property Taxes $94/month $1,123/year
  • Lawn care $200/month $2,400/year
  • Insurance $333/month $4,000/year
  • Maintenance reserve $1,000/month $12,000/year
  • Property Management $1,260/month $15,120/year
  • Total $2,887/month $34,643/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.

Contact Property Agent

You need to have an account to send an inquiry.

Log In Register

Share Listing

Property Flyer

Click here to download the flyer
Copyright by Real Pro, Inc 2019 . All Rights Reserved.