Bought with Wesley Bethune
$405,000
$420,000
3.6%For more information regarding the value of a property, please contact us for a free consultation.
5,550 SqFt
SOLD DATE : 07/17/2023
Key Details
Sold Price $405,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,550 sqft
Price per Sqft $72
MLS Listing ID 2714466
Sold Date 07/17/23
HOA Y/N No
Year Built 2003
Annual Tax Amount $2,029
Lot Dimensions 5.67 Acres +/-
Property Description
Welcome to this fantastic real estate opportunity! Located on a sprawling 5.67-acre lot, this property features a quadplex and duplex that are up for sale. With plenty of room to build more, this property presents an incredible investment opportunity for buyers looking to expand their real estate portfolio. The quadplex, built in 2003, and the duplex, built in 2009, are both in excellent condition and have been well-maintained over the years. With a current gross income of $3625 per month, this property offers a steady stream of passive income for its new owners. Additionally, there is one unit available that is currently being renovated before closing, offering the opportunity to increase the property's earning potential even further. All units have brand new water heaters, and all appliances are less than 2 years old, ensuring a hassle-free experience for tenants. Currently being serviced by 3 septic tanks, the property is designed to accommodate the needs of its residents. Whether you're an experienced real estate investor or just starting in the business, this property presents an incredible opportunity to build wealth and secure a steady stream of passive income for years to come. Don't miss out on this once-in-a-lifetime chance to own a piece of real estate in a prime location. Schedule a viewing today and see for yourself what this incredible property has to offer!
Location
State AL
County Jackson County
Interior
Heating Central, Electric
Cooling Central Air, Electric
Fireplace N
Exterior
Utilities Available Electricity Available, Water Available
View Y/N false
Roof Type Metal
Private Pool false
Building
Story 1
Sewer Septic Tank
Water Public
Structure Type Other
New Construction false
Schools
Elementary Schools North Sand Mountain School
Middle Schools North Sand Mountain School
High Schools North Sand Mountain School
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