Listed by LOYD Realty
$299,900
607 South Mobile Street
Details
Property Type Multifamily
Sub Type Apartment Building, Single Family Rental Portfolio
Square Footage 7,728
Net Rentable (SqFt) 7,728
Units 8
Cap Rate 18.39%
NOI $55,160
Occupancy 100%
Pro-Forma Cap Rate 18.39%
Pro-Forma NOI $55,160
Price per SqFt $39
Class B
Year Built 1976
Buildings 2
Acreage 0.700
Investment Type Value Add
Sale Condition For sale by owner
Strong Cash Flow Opportunity in Linden’s Rental Market
Marketing description
GREAT APARTMENTS!!!
8 units. Townhomes. Each unit is 2bed/1bath. Separate electric meters. City water and sewer. Central heat and air. All brick, metal roofs. Washer and dryer hookups in every unit. Located in beautiful Marengo County, AL!!! PROPERTY WILL GENERATE A 16%+ NET RETURN ON INVESTMENT!! OVER $70k IN VALUE ADD!!! This is a very simple and straight forward investment property with tons of potential. Units are renting for $800/month each.
Professional property management and financing is available!!!
Looking for OFF-MARKET properties?? Visit our website: www.loydrealty.com/properties !!!
Listing Contacts
Listed by LOYD Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$55,160.00
$4,596.67/mo
Valuation Metrics
0
DSCR
18.39%
Cap Rate
18.39%
ROI
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