7 Rental Units 7 biens | Local d'activités | À vendre | 365 670 € | Sylacauga, AL

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: 840, 1026, 959, 959, 754, 754, and 754. 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. Owner is currently charging below average rent for area. He just kept the same rates as when he purchased the property so the new owner could increase the rent and thus increase the revenue/NOI. Have a current survey of all properties together and separate so able to be separated if desired by buyer. Tenants are currently responsible for their own yard maintenance and utilities.