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$ 349,900
Est. payment | /mo
1.04 Acres Lot
$ 349,900
Est. payment | /mo
1.04 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 526199
HOA Y/N No
Year Built 1995
Annual Tax Amount $1,258
Lot Size 1.040 Acres
Property Sub-Type Triplex
Property Description
Fantastic income-producing triplex with strong rental potential! Unit A is a 2 bed / 1 bath, 750 sq ft apartment currently being renovated and is projected to rent for $850/month upon completion. Unit B is a 1 bed / 1 bath, 600 sq ft unit currently rented at $650/month with a fair market rate of $750/month. Unit C is a spacious 3 bed / 2 bath, 1,450 sq ft unit currently rented at $700/month, while fair market rent is approx. $1,100/month. Property features include a large paved concrete driveway, metal roof installed in 1995, and central heat and air in all units. With upside rent potential and solid infrastructure, this property is perfect for investors seeking cash flow and long-term growth. Two separate septic systems and owner just spent $9000 for a new system as standby in case something happens to the existing system. Will need pre-approval before showing. 2 days notice for showing since units are occupied. Seller is offering $10,000 concession to buyer.
Location
State AL
County Cullman
Zoning 00 Commercial
Building
Sewer Septic Tank
Schools
Elementary Schools Good Hope
Middle Schools Good Hope
High Schools Good Hope
Listed by Exit Realty 3:16
Nearby Locations
GET MORE INFORMATION
Blake Hale
REALTOR®/Team Lead
6767 Old Madison Pike Suite 135, Huntsville, AL 35806