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Grape Street Duplex 1517 Grape St NW

2 Unit Apartment Building $280,000 ($140,000/Unit) Cullman, AL 35058

Apartment Buildings Alabama Cullman 1517 Grape St NW, Cullman, AL 35058

Investment Highlights

  • Cullman City Limits
  • Washer Dryer Hookups
  • One Level
  • Subdivision

Executive Summary

Fantastic low maintenance Duplex located in the Cullman City Limits. 3 bedroom 1 1/2 bath unit/ 2 bedroom 1 bath unit. Both units are currently leased. Financials available upon request.

Financial Summary (Pro forma - 2024) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses - -
Total Expenses $99,999 $9.99
Net Operating Income - -

Financial Summary (Pro forma - 2024) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual -
Annual Per SF -

Property Facts Under Contract

Price $280,000 Apartment Style Low Rise
Price Per Unit $140,000 Building Size 2,480 SF
Sale Type Investment Average Occupancy 100%
Sale Conditions
Ground Lease (Leasehold)
  • Deferred Maintenance
 No. Stories 1
No. Units 2 Year Built/Renovated 1962/2000
Property Type Multifamily Parking Ratio 2.02/1,000 SF
Property Subtype
Apartment
  • Multifamily Dormitory
Price $280,000
Price Per Unit $140,000
Sale Type Investment
Sale Conditions
Ground Lease (Leasehold)
  • Deferred Maintenance
No. Units 2
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Dormitory
Apartment Style Low Rise
Building Size 2,480 SF
Average Occupancy 100%
No. Stories 1
Year Built/Renovated 1962/2000
Parking Ratio 2.02/1,000 SF

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
3+1.5 1 $1,250 1,120
2+1 1 $1,050 960
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zoning

Zoning Code R2
R2
(256) 735-3932

Contacts

  • Kevin Rice
    Kevin Rice
  • JUSTIN SELF
    JUSTIN SELF
  • SR4 Property Management, LLC

  • Listing ID: 31613979

  • Date on Market: 4/25/2024

  • Last Updated:

  • Address: 1517 Grape St NW, Cullman, AL 35058

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1517 Grape St NW, Cullman, AL for sale Primary Photo- Image 1 of 2
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Grape Street Duplex | 1517 Grape St NW
(256) 735-3932 x

Grape Street Duplex | 1517 Grape St NW

1/2

Kevin Rice

(256) 735-3932

(256) 735-3932

JUSTIN SELF

(256) 339-3387

(256) 339-3387

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