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$ 320,000
Est. payment /mo
Price Dropped by $5K
6104 Co Rd 437 Cullman, AL 35057
1 Sqft Lot
UPDATED:
Key Details
Property Type Other Types
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 526199
Year Built 1995
Lot Size 1 Sqft
Property Sub-Type Triplex
Property Description
Fantastic income-producing triplex with strong rental potential! Unit A is a 2 bed / 1 bath, 750 sq ft apartment currently being renovated and is projected to rent for $850/month upon completion. Unit B is a 1 bed / 1 bath, 600 sq ft unit currently rented at $650/month with a fair market rate of $750/month. Unit C is a spacious 3 bed / 2 bath, 1,450 sq ft unit currently rented at $700/month, while fair market rent is approx. $1,100/month. Property features include a large paved concrete driveway, metal roof installed in 1995, and central heat and air in all units. With upside rent potential and solid infrastructure, this property is perfect for investors seeking cash flow and long-term growth. Two separate septic systems and owner just spent $9000 for a new system as standby in case something happens to the existing system. Will need pre-approval before showing. 2 days notice for showing since units are occupied. Offering Owner Financing with $150K down payment.
Location
State AL
County Cullman
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