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Updated over 2 years ago on .

User Stats

131
Posts
16
Votes
Mark Davis
  • Real Estate Agent
  • Fairhope, AL
16
Votes |
131
Posts

Investors interested in investing in rental property?Here's a Duplex on Beautiful St!

Mark Davis
  • Real Estate Agent
  • Fairhope, AL
Posted
  • Investors interested in investing in rental property? This could be a great opportunity to generate steady rental income and build wealth over time.
  • With this fully occupied property, you can start earning rental income right away and potentially see a return on your investment in a relatively short amount of time.
  • This duplex is ready to go with signed leases and paying tenants.
  • The roof was replaced 6 months ago per the owner
  • HVAC units will be replaced in June of 2023.
  • These units have no carpet in them and are relatively maintenance-free.
    • The stove, Furnace, and water heater are gas, everything else is electric.
    • The tenant pays all utilities.
  • ​Each side is a 2 bedroom 1 bath unit with no carpet, including a kitchen area, laundry area with washer & dryer, an eat-in area off of the kitchen, and a back door from the kitchen to the private backyard with a grilling deck.
    • Renters are Section 8 and total rents are $1,495 per month
    • 48hr notice to view
    • Unit A new lease 4/1/23, Pays $747.50
    • Unit B renewed lease 4/1/23, Pays $747.50
    • Leases are 12 months
    • ​Auto-renewal w/30 day notice
  • ​Asking $185,000
    • ​Brochure Link with Pictures...​​​​
  • Room to raise rents
Offering
Mobile, Alabama