1539 Mccurdy Avenue, Rainsville, AL
11.53% return
SP:
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Property Description

NEW CONSTRUCTION!! BUILT IN 2008 and 2010!! 

Package of 26 apartments, consists of 12 townhomes, 6 duplexes and 2 houses. All units are in excellent shape.

Professional property management is in place. Low expenses. Potential to increase rents. 

Beautiful area. Tons of growth in the city and the county.

Only an hour away from a booming city! Amazing investment.

Property Information

  • Listing statusActive
  • Property typeMulti Family
  • Total units26
  • Total bedrooms52
  • Total bathrooms38.5
  • Building size29968 sq. ft.
  • Lot size0.0 acres
  • Year built1981 - 2008
  • CountyDekalb County
  • Subdivision
  • ConstructionFrame
  • RoofMetal, Shingle
  • Water sourceCity water
  • Water disposalSewer
  • HeatingCentral, Window Unit
  • CoolingCentral air, Window A/C

Property Financial Summary

  • Sale price $1,150,000
  • Estimated rehab 1 $0
  • Total investment $1,150,000
  • Type Proforma
  • Gross income (annually) $167,400
  • Operating expenses (annually) $34,822
  • Net income (annually) $132,578
  • Gross return 14.56%
  • Gross income (monthly) $13,950
  • Operating expenses (monthly) $2,902
  • Net income (monthly) $11,048
  • Net return 11.53%

Property Income & Expenses

  • Income
  • 1539 Mccurdy Avenue,
  • Unit 1: 2 bed / 1.5 bath $535/month $6,420/year
  • Unit 2: 2 bed / 1.5 bath $535/month $6,420/year
  • Unit 3: 2 bed / 1.5 bath $535/month $6,420/year
  • Unit 4: 2 bed / 1.5 bath $535/month $6,420/year
  • Unit 5: 2 bed / 1.5 bath $535/month $6,420/year
  • Unit 6: 2 bed / 1.5 bath $535/month $6,420/year
  • Unit 7: 2 bed / 1.5 bath $535/month $6,420/year
  • Unit 8: 2 bed / 1.5 bath $535/month $6,420/year
  • Unit 9: 2 bed / 1.5 bath $535/month $6,420/year
  • Unit 10: 2 bed / 1.5 bath $535/month $6,420/year
  • Unit 11: 2 bed / 1.5 bath $535/month $6,420/year
  • Unit 12: 2 bed / 1.5 bath $535/month $6,420/year
  • 1539 Mccurdy Avenue, House
  • Unit 42 Vista View: 2 bed / 1 bath $550/month $6,600/year
  • 28 Spears Street, 2A-B
  • Unit 2a: 2 bed / 1.5 bath $540/month $6,480/year
  • Unit 2b: 2 bed / 1.5 bath $540/month $6,480/year
  • 28 Spears Street, 3A-B
  • Unit 3a: 2 bed / 1.5 bath $520/month $6,240/year
  • Unit 3b: 2 bed / 1.5 bath $520/month $6,240/year
  • 28 Spears Street, Delta A-B
  • Unit 183 Delta A: 2 bed / 1.5 bath $540/month $6,480/year
  • Unit 183 Delta B: 2 bed / 1.5 bath $540/month $6,480/year
  • Unit 197 Delta A: 2 bed / 1.5 bath $540/month $6,480/year
  • Unit 197 Delta B: 2 bed / 1.5 bath $540/month $6,480/year
  • Unit 209 Delta A: 2 bed / 1.5 bath $540/month $6,480/year
  • Unit 209 Delta B: 2 bed / 1.5 bath $540/month $6,480/year
  • Unit 219 Delta A: 2 bed / 1.5 bath $540/month $6,480/year
  • Unit 219 Delta B: 2 bed / 1.5 bath $540/month $6,480/year
  • 28 Spears Street, House
  • Unit 28 Spears St. 1: 2 bed / 1.5 bath $540/month $6,480/year
  • Total $13,950/month $167,400/year
  • Expenses
  • Property Taxes $656/month $7,874/year
  • Sewer & Waste $352/month $4,224/year
  • Maintenance reserve $875/month $10,500/year
  • Lawn care $39/month $464/year
  • Property Management $950/month $11,400/year
  • Pest Control $30/month $360/year
  • Total $2,902/month $34,822/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.

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