$500,000
$535,000
6.5%For more information regarding the value of a property, please contact us for a free consultation.
0.92 Acres Lot
SOLD DATE : 01/31/2014
Key Details
Sold Price $500,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Subdivision Fairview Land Company
MLS Listing ID 650938
Sold Date 01/31/14
HOA Y/N No
Originating Board Valley MLS
Lot Size 0.920 Acres
Acres 0.92
Lot Dimensions 200 x 200
Property Description
GREAT INVESTMENT OPPORTUNITY. over 13% cap rate! well Maintained! A CASH COW!Over $100,000 income. great positive cash flow. TWO ALL BRICK BUILDINGS WITH 18 UNITS. 2 / 3 BEDROOM units, A LAUNDRY ROOM, AND 2 STORAGE BUILDINGS. A fully rented , ready to go turn key investment! 14 Two bedroom/1 bath units rent for $425-475. 4 three bedroom/two bath units rent for $550 -585. Realtor Owned, Motivated seller! 10% owner finacing possible. 1 year free management. Call realtor Phil Kelly @ 256-318-8896
Location
State AL
County Morgan
Direction From Intersection Of Beltline And 6th Ave / Hwy 31 - Go North On 6th To Magnolia St Turn Right - Go To Somerville Rd Turn Left - Go To North St Turn Right - Property Is One (1) Block Up On Right.
Interior
Interior Features See Remarks
Heating Central
Cooling Central Air
Fireplace No
Appliance Dishwasher, Refrigerator, Oven
Exterior
Porch Deck
Total Parking Spaces 26
Building
Sewer Public Sewer
Water Public
New Construction No
Schools
Elementary Schools Somerville Road
Middle Schools Oak Park
High Schools Decatur
Others
Tax ID 15388
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Copyright
Based on information from North Alabama MLS.
Bought with Crye-Leike Realtors - Athens
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "