Location
Agent Comments
INVESTOR OPPORTUNITY! Seven units are available for purchase together or separately, offering flexibility for investors looking to add to their portfolio or acquire a cash-flowing package. The seller would prefer a portfolio sale but will consider individual offers. The four occupied units are offered together for $572,000, with $63,700 in gross annual income, $41,392 NOI, and a 7.24% pro forma cap rate. These figures are based on historical performance and are provided for informational purposes only; future income, expenses, and returns are not guaranteed and may change. For reference, the individual MLS numbers for the four occupied units are: 395674, 395671, 395670, 395666. Seller will pay off the temporary HOA special assessment at closing. The remaining three units are vacant and move-in ready, with a $5,000 seller concession available toward closing costs or a 2-1 rate buydown. For reference, the individual MLS numbers for the three vacant units are: 395673, 395672, 395668. The seller is ready to make a deal! Call today for details, financials, or package options. Buyer to verify all information during due diligence.
Amenities
- Refrigerator
- Electric Range
Interior Features
- Cool System: Electric
- Heat System: Electric
- Floors: Tile, Luxury Vinyl Plank
- Fireplaces: 0
Exterior Features
- Parking: Condo Assigned Parking
- Roof: Composition Shingle
- Exterior: Storage
- View: None/Not Applicable
- Utilities: Total Electric, Daphne Utilities, Riviera Utilities, Water Heater Electric
- Lot Features: Some Trees
- Architectural Style: Condo
Additional Features
- County: Baldwin
- Property Type: Residential Attached
- Tax Number: 43-03-06-0-003-001.000.926
- Waterfront Features: No Waterfront
- Stories: 1
- Year Built: 1983