47-67 Groner St - Apartments FOR SALE


Daleville, AL 36322
$365,000 USD
334-805-8938
47-67 Groner St, Daleville, AL for Sale
$365,000 USD
Apartments - FOR SALE
1/1
null | 7.7% Cap Rate

47-67 Groner St
Daleville, AL 36322


OVERVIEW

• Unleash the untapped potential of this 6-unit Multi-Family gem, delivering an impressive 7% cap rate that promises a rewarding return on investment. The current net operating income (NOI) of $28,121 merely scratches the surface, as tenants currently enjoy below-market rents for these generously sized 2-bedroom, 1-bath units. Envision the financial transformation when rental rates are adjusted to a modest market rate of $850 per unit, propelling the projected NOI to a remarkable $52,057. • Elevate your investment portfolio with a property that has undergone recent upgrades, including a brand-new roof, fresh siding, updated windows, and modernized A/C units installed within the last few years. These enhancements not only enhance the property's curb appeal but also signify a commitment to quality and long-term sustainability, ensuring a sound investment for discerning buyers seeking both immediate returns and future appreciation. • Unlock the door to financial prosperity with this income-generating property that combines a proven track record of performance with the promise of future value appreciation. Whether you're a seasoned investor seeking to expand your real estate portfolio or a newcomer looking to make a smart investment choice, this MultiFamily property at 47-67 Groner St. offers a rare opportunity to secure a stable income stream and build wealth through real estate ownership

FOR SALE DETAILS

PRICE

$365,000 USD

PRICE/SF

$78 USD /SF

# OF UNITS

6

PRICE/UNIT

$60,833

CAP RATE

7.7%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fort Novosel Multi-Family

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1979

PARKING SPACES

15

LAND DETAILS

LAND ACRES

2.08 AC

LAND SF

90,605 SF

ZONING

-

APN/PARCEL ID

13-04-20-3-000-017.0000

ASK ABOUT THIS PROPERTY

Michael PrangeKW CommercialMore Info
334-805-8938

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Michael PrangeKW CommercialMore Info
334-805-8938

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.