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Kotohomes partnered with:
Dothan Eagle
For Sale For Rent
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bedrooms
bedrooms
12
bathrooms
bathrooms
6
square feet
square feet
4,680
acreage
Acreage
2.08
open houses
Open Houses
-
year built
year built
1979
full baths
Full Baths
6
half baths
Half Baths
0
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.
Location
Subdivision No
County Dale
Elementary School Daleville Elementary
Middle School Daleville Middle School
High School Daleville High School (7-12)
open houses Open houses
None scheduled.
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MLS number: 202045
Listing agent: Michael Prange
Listing broker: Keller Williams Realty Southeast Alabama (334) 714-9046
Copyright © 2025 Dothan Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.   [source]
Last update: Friday, January 3 2025 at 7:09 p.m. EST
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