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Sylacauga,AL 35150
Key Details
Property Type Single Family Home
Sub Type Single Family
Listing Status Active
Purchase Type For Sale
Square Footage 784 sqft
Price per Sqft $535
MLS Listing ID 21404778
Bedrooms 2
Full Baths 1
HOA Y/N No
Year Built 1943
Lot Size 1.560 Acres
Property Description
Investment Property – 1.56 Acres, 7 Units, $47,000 Annual Income. This income-producing property on 1.56 acres features 5 buildings with a total of 7 rental units, including 2 duplexes and 3 single-family homes all on the same parcel of land. The property generates approximately $47,000 annually before taxes and insurance, with a total of $3,000 in taxes and insurance costs. Tenants are on month-to-month leases, with all having passed background checks. The units consist of 4 three-bedroom, one-bathroom homes and 3 two-bedroom, one-bathroom homes. Key property features: 5 buildings, 7 rental units (3 built in 1943, 1 built in 1935, 1 built in 1990). Square footage: 962, 784, 763, 780, 763, 1496, and 1026. All units have newer metal roofs and AC units. Seller has an appraisal already done, saving the buyer time and money. Great opportunity for steady cash flow with low maintenance costs. Don't miss out! Buyers must be pre-approved or show proof of funds prior to showing.
Location
State AL
County Talladega
Area Talladega County
Rooms
Kitchen Eating Area
Interior
Interior Features None
Heating Central (HEAT),Electric (HEAT)
Cooling Central (COOL),Electric (COOL)
Flooring Carpet,Hardwood,Hardwood Laminate,Tile Floor,Vinyl
Laundry Washer Hookup
Exterior
Exterior Feature None
Parking Features Driveway Parking,Off Street Parking,Uncovered Parking
Building
Lot Description Acreage,Interior Lot
Foundation Crawl Space
Sewer Connected
Water Public Water
Level or Stories 1-Story
Schools
Elementary Schools Indian Valley
Middle Schools Nichols-Lawson
High Schools Sylacauga
Others
Financing Cash,Conventional