Dawon Duplex

Multi-Family for Sale
Catylist Listing ID: 30871798
Property Subtypes: Duplex/Fourplex
Number of Units: 2 Units
Building Size (RSF): 2,710 SF
Gross Building Area: See Agent
Gross Land Area: 0.15 - 0.20 Acres
Sale Price: $379,000
Unit Price: $189,500 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller, Purchase Money Mortgage, Sale/Leaseback
Cap Rate: 7.0%
Last Updated: 5/9/2024

Overview / Comments

Great rental investment. currently gross rent per side is 1200/month could be increased as high as 1850 each. new netal roof 4 years ago, new hvac 6 years ago, replaced all pex plumbing in 2022. insurance is roughly 3k/yr and property taxes are 1300/yr roughly. Both tenants are currently month to month however would most likely be wanting to do a 12 month agreement depending on details.

Additional Details

Nearest MSA: Daphne-Fairhope-Foley
County: Baldwin
Taxing Authority: Baldwin county
Tax ID/APN: 05-54-07-25-0-000-002.027
Percent Occupied: 100%
Legal Description: 52 (S) X 158 (S) Irr That Pt Of Lot 3 Cotton Sub Slide 1898- B Desc As Fm Se Cor Of Lot 3 Th Run N 153 (S) For The Pob T H W 49 (S) Th Nw 25 (S) Th W 80 (S) Th N 64 (S) Th Ne 12 0.6 Th E 36.5 Th S 158 (S) To The Pob Sec 25-T7s-R2e (Sp Wd)

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 7,142 20,235
Median Age: 42.17 41.22
Households: 2,922 8,281


Photograph of Listing Agent

Jonathan R. Bennett

eXp Realty LLC Southern Branch Gulf Coast CMLS Member
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