47-67 Groner St, Daleville, AL 36322
Description:
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.
Southeast Alabama Association of REALTORS Listing Number: 202045
47-67 Groner St, Daleville, AL 36322
4680 Sq.ft · 12 Bedrooms · 6 Full Bathrooms
$365,000
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- 47-67 Groner St
- 4680 Sq.ft.
- 12 Bedrooms
- 6 Full Bathrooms
- $365,000
