Unleash the untapped potential of this 6-unit Multi-Family gem, delivering an impressive 8% 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.
For sale
Price cut: $20K (4/11)
$345,000
47-67 Groner St, Daleville, AL 36322
12beds
4,680sqft
Est.:
MultiFamily
Built in 1979
-- sqft lot
$-- Zestimate®
$74/sqft
$-- HOA
What's special
Brand-new roofFresh sidingUpdated windows
- 113 days
- on Zillow |
- 476 |
- 28 |
Zillow last checked: 7 hours ago
Listing updated: April 10, 2025 at 07:39pm
Listed by:
Michael Prange 334-805-8938,
Keller Williams Southeast Alabama
Source: SAMLS,MLS#: 202045
Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 6
- Full bathrooms: 6
Appliances
- Included: Cooktop, Refrigerator
Features
- Flooring: Vinyl, Laminate
Interior area
- Total structure area: 4,680
- Total interior livable area: 4,680 sqft
Video & virtual tour
Property
Parking
- Total spaces: 4
- Parking features: 4+ Car, Detached Carport
- Has carport: Yes
Features
- Levels: One
- Waterfront features: No Waterfront
Lot
- Size: 2.08 Acres
- Dimensions: 90,650 SF
Details
- Parcel number: 30 42 03 000 017 000
Construction
Type & style
- Home type: MultiFamily
Materials
- Vinyl Siding
- Foundation: Slab
Condition
- New construction: No
- Year built: 1979
Utilities & green energy
- Electric: Pea River Electric
- Sewer: Public Sewer
- Water: Public, City
Community & HOA
Location
- Region: Daleville
Financial & listing details
- Price per square foot: $74/sqft
- Date on market: 1/3/2025
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