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$109,500
Est. payment /mo
3 Beds
1 Bath
1,112 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,112 sqft
Price per Sqft $98
Subdivision No Subdivision
MLS Listing ID 234200
Style Traditional
Bedrooms 3
Full Baths 1
HOA Y/N No
Year Built 1940
Lot Size 10,454 Sqft
Property Sub-Type Single Family Residence
Property Description
Income-producing investment property currently rented for $1,195 per month. At the purchase price of $109,500, the property reflects an estimated 10.2% cap rate based on current rent and seller-provided operating expense assumptions. Recent improvements include a new HVAC system installed in July 2024, a newer water heater, kitchen renovation with cabinets, sink and countertops, and new vinyl flooring in the kitchen and laundry area completed in August 2026. 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 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 the 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. Excellent opportunity for an investor looking to add a stabilized rental property with recent capital improvements to an existing portfolio. Contact listing agent for lease information, rent roll, and details regarding the three-property package.
Location
State AL
Area Russell
Interior
Interior Features Other-See Remarks
Heating Electric
Cooling Central Electric
Appliance Electric Range, Other-See Remarks
Exterior
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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