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$79,500
Est. payment /mo
1 Bed
1 Bath
780 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 780 sqft
Price per Sqft $101
Subdivision No Subdivision
MLS Listing ID 234196
Style Traditional
Bedrooms 1
Full Baths 1
HOA Y/N No
Year Built 1940
Lot Size 7,405 Sqft
Property Sub-Type Single Family Residence
Property Description
Income-producing investment property currently rented for $795 per month. At the individual allocated price of $79,500, the property reflects an estimated 9.2% cap rate based on current rent and seller-provided operating expense assumptions. Recent improvements include a new water heater installed in 2024, updated kitchen cabinets, sink and countertop, sheetrock and painting, along with a newer gas space heater and additional miscellaneous upkeep. This property is not currently available for individual purchase and must be purchased as part of a three-property investment package with 1015 11th Avenue and 1822 6th Court. The combined package is offered at $288,500, produces $2,985 per month in current rental income, and reflects an estimated package cap rate of approximately 9.5% based on seller-provided income and expense information. The package offers an investor three occupied income-producing properties with established rental history and documented improvements. Contact listing agent for rent roll, lease information, operating expenses, and complete package details.
Location
State AL
Area Russell
Interior
Interior Features Other-See Remarks
Heating Natural Gas
Cooling Window Unit(s)
Appliance Electric Range
Exterior
Exterior Feature Other-See Remarks
Parking Features Driveway
Utilities Available Underground Utilities
Garage No
Building
Lot Description Level
Story 1
Sewer Public Sewer
Water Public
Architectural Style Traditional
Level or Stories One
Others
Special Listing Condition Standard
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Listed by Keller Williams Realty River Cities
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