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Archived over 2 years ago

$325,000

3 bd 2 ba 1408 sqft

12408 Magnolia Ave, Magnolia Springs, AL 36555

Residential Duplex

Current Rent **

$800

Projected Rent **

$4,600

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Posted By:

Dylan Thomas

Real Estate Agent
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Unit 1 Details
  • Current Rent:
  • Bedroom: 2 bd
  • Bathroom: 1 ba
  • Square Footage: 704 sqft
  • Occupied: No
  • Needs Repairs: No
  • Off MLS: No
Unit 2 Details
  • Current Rent: $800
  • Bedroom: 1 bd
  • Bathroom: 1 ba
  • Square Footage: 704 sqft
  • Occupied: No
  • Needs Repairs: No
  • Off MLS: No

2 Unit Property For Sale

Rental Estimates from AirDna. Zoned B-2 For Local Business. This property offers a unique opportunity for business and living quarters. One unit features two additional rooms and one bathroom, while the other has one additional room and one bathroom. Built in 2017, the property has been well-maintained and was constructed with modern finishes. The exterior of the property is just as impressive, with a large front porch and a spacious backyard for outdoor activities or entertaining. It also includes a large storage area that can be fitted for your specific use. The property is situated on a quiet street with easy access to local shops, restaurants, and attractions. Magnolia Springs is a picturesque town known for its historic homes, live oaks, and natural springs. This building is a great investment opportunity, whether you're looking to live in one unit and rent the other out for office space or rent out both units for passive income. Don't miss out on this chance to own a piece of Magnolia Springs history! All Information provided is deemed reliable but not guaranteed. Buyer or buyer’s agent to verify all information. Short Term rentals should be allowed if run as a Bed and Breakfast, but buyer responsible for contacting the City of Magnolia Springs for all zoning requirements/restrictions.

Location:

12408 Magnolia Ave, Magnolia Springs, AL 36555

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.