15 E 1st St, Luverne, AL 36049

Investment opportunity in the heart of Luverne. This vacant duplex offers flexibility for both owner-occupants and investors. Current market rents support approximately $2,400/month ($1,500 for the 3BR/2BA unit and $900 for the 2BR/1BA unit), which equates to a projected 9% cap rate at the $250,000 purchase price. An additional value-add option is available by converting the existing game room (with full bath) into a third rental unit. With a basic kitchen addition and doorway adjustment (estimated ~$25K improvement), projected rents increase to $3,100/month, supporting a 12% cap rate. This property is vacant, allowing full control over tenant placement and lease terms. Conveniently located near schools, shopping, and main roadways, it is well positioned to attract renters in a market with strong demand. Don't miss this opportunity to secure a high-return investment in a growing area-schedule your showing today.