4-Plex Investment/Rehab Opportunity

Multi-Family for Sale
Catylist Listing ID: 30478509
Property Subtypes: Duplex/Fourplex
Number of Units: 4 Units
Building Size (RSF): 2,800 SF
Gross Building Area: 3,400 SF
Sale Price: $64,000
Unit Price: $16,000 Per Unit
Property Use Type: Investment
Usable Size (USF): 2,800 SF
Sale Terms: Cash to Seller
Cap Rate: 24.0%
Last Updated: 5/14/2021

Overview / Comments

NEW PRICE: This partially renovated 4-plex sits on a large corner-double lot with mature trees, ample parking with room for additional units; subject to zoning approval.
The property, consisting of two (2) lots, measures 161' x 150' (24,150 Sq. Ft.) or approx. .55 acres.

The building has finished and painted siding. renovated windows, new electrical & plumbing, new roof, and original hardwood floors.

The interior of three of the units needs to be renovated. All 4 units require new air conditioning units.

Each unit is approx. 700 Sq. Ft. with 1 bedroom | 1 bath and a large living room. Each unit also has a large Kitchen with laundry hook-ups.

Each unit is separately metered for electrical, water/sewer.

Property is a short walk from Selma University, founded in 1878, with a student population of over 600.

Great investment opportunity!

Additional Details

Nearest MSA: Selma
County: Dallas
Taxing Authority: Dallas County, Alabama
Tax ID/APN: 1107252005053000
Percent Occupied: 0%
Property Located Between: Corner of 1st Avenue and Church Street
Total Number of Buildings: 1
Property Condition: Fair
Number of Stories: 2
Year Built: 1970
Year Renovated: 2018
Construction/Siding: Wood Siding
Parking Type: Surface
Laundry: In Each Unit
Air Conditioning: Other
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee Simple
Legal Description: Lots 9 &10, Blk 6, Mullen Addition DB 804 PG295

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,743 23,719 27,748
Median Age: 32.6 35.13 35.44
Households: 3,586 9,170 10,718


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