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$99,500
Est. payment /mo
3 Beds
1 Bath
1,176 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,176 sqft
Price per Sqft $84
Subdivision No Subdivision
MLS Listing ID 234194
Bedrooms 3
Full Baths 1
HOA Y/N No
Year Built 1924
Lot Size 5,662 Sqft
Property Sub-Type Single Family Residence
Property Description
Income-producing investment property currently rented for $995 per month. At the individual allocated price of $99,500, the property reflects an estimated 9.1% cap rate based on current rent and seller-provided operating expense assumptions. Recent improvements include replacement ductwork completed in January 2025 and kitchen cabinets replaced in February 2025. This property is not currently available for individual purchase and must be purchased as part of a three-property investment package with 1005 11th Street and 1015 11th Avenue. 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
Rooms
Kitchen Other-See Remarks
Interior
Interior Features Other-See Remarks
Heating Electric
Cooling Central Electric
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
Level or Stories One
Others
Special Listing Condition Standard
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Listed by Keller Williams Realty River Cities
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