Description
Investment Property " 1.56 Acres, 7 Units, $47,000 Annual Income. This income-producing property on 1.56 acres features 5 buildings with a total of 7 rental units, including 2 duplexes and 3 single-family homes all on the same parcel of land. The property generates approximately $47,000 annually before taxes and insurance, with a total of $3,000 in taxes and insurance costs. Tenants are on month-to-month leases, with all having passed background checks. The units consist of 4 three-bedroom, one-bathroom homes and 3 two-bedroom, one-bathroom homes. Key property features: 5 buildings, 7 rental units (3 built in 1943, 1 built in 1935, 1 built in 1990). Square footage: 962, 784, 763, 780, 763, 1496, and 1026. All units have newer metal roofs and AC units. Seller has an appraisal already done, saving the buyer time and money. Great opportunity for steady cash flow with low maintenance costs. Don't miss out! Buyers must be pre-approved or show proof of funds prior to showing.
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2BEDS
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1.56ACRES
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1BATHS
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01/2 BATHS
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784SQFT
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$536$/SQFT
School Information
Listing provided courtesy of Keller Williams Realty Vestavia.
© 2025 Greater Alabama MLS.Description
Investment Property " 1.56 Acres, 7 Units, $47,000 Annual Income. This income-producing property on 1.56 acres features 5 buildings with a total of 7 rental units, including 2 duplexes and 3 single-family homes all on the same parcel of land. The property generates approximately $47,000 annually before taxes and insurance, with a total of $3,000 in taxes and insurance costs. Tenants are on month-to-month leases, with all having passed background checks. The units consist of 4 three-bedroom, one-bathroom homes and 3 two-bedroom, one-bathroom homes. Key property features: 5 buildings, 7 rental units (3 built in 1943, 1 built in 1935, 1 built in 1990). Square footage: 962, 784, 763, 780, 763, 1496, and 1026. All units have newer metal roofs and AC units. Seller has an appraisal already done, saving the buyer time and money. Great opportunity for steady cash flow with low maintenance costs. Don't miss out! Buyers must be pre-approved or show proof of funds prior to showing.
© 2025 Greater Alabama MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX content is not guaranteed accurate by the MLS or Amanda Howard Sotheby's International Realty.
Data last updated: 2025-01-15T09:31:01.553.