31 SFR Properties and 2 Duplexes 2 Multifamily Properties Offered at $5,951,759 CAD in Florence, AL
INVESTMENT HIGHLIGHTS
- 31 SFR Properties and 2 Duplexes
EXECUTIVE SUMMARY
Great investment opportunity in Northwest Alabama. 31 single family homes and 2 duplexes in Florence and Muscle Shoals area. Gross annual rent is $427,932. Cap rate 8.52%. Most homes have been renovated within the past two years. Homes are in great locations with high rental demand. All properties including lease amount, bedroom/bath/sq footage, parcel #, & legal description are listed on an attachment in the document section of Paragon. To view properties a sales agreement contract must be signed with proof of funds received. Contract may be contingent on satisfactory showing. A 48 hour notice is required to tenants before showings, inspections, etc.. All homes/duplexes must be sold together.
PROPERTY FACTS
| Price | $5,951,759 CAD |
| Price / SF | $2,208 CAD / SF |
| Cap Rate | 8.52% |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 2,695 SF |
| Total Land Area | 0.64 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 525 E Lelia St, Florence, AL 35630 | Multifamily | 1,089 SF | 1940 | - |
| 1508 Chisholm Rd, Florence, AL 35630 | Multifamily | 1,606 SF | 1948 | - |
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CONTACT
-
Shane Terry -
The Agency On Pine
