Fort Novosel Multi-Family | 47-67 Groner St
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Fort Novosel Multi-Family 47-67 Groner St
6 Unit Apartment Building $399,000 ($66,500/Unit) 7.05% Cap Rate Daleville, AL 36322
Executive Summary
• Unleash the untapped potential of this 6-unit Multi-Family gem, delivering an impressive 7% cap rate that promises a rewarding return on investment. The current net operating income (NOI) of $28,121 merely scratches the surface, as tenants currently enjoy below-market rents for these generously sized 2-bedroom, 1-bath units. Envision the financial transformation when rental rates are adjusted to a modest market rate of $850 per unit, propelling the projected NOI to a remarkable $52,057.
• Elevate your investment portfolio with a property that has undergone recent upgrades, including a brand-new roof, fresh siding, updated windows, and modernized A/C units installed within the last few years. These enhancements not only enhance the property's curb appeal but also signify a commitment to quality and long-term sustainability, ensuring a sound investment for discerning buyers seeking both immediate returns and future appreciation.
• Unlock the door to financial prosperity with this income-generating property that combines a proven track record of performance with the promise of future value appreciation. Whether you're a seasoned investor seeking to expand your real estate portfolio or a newcomer looking to make a smart investment choice, this MultiFamily property at 47-67 Groner St. offers a rare opportunity to secure a stable income stream and build wealth through real estate ownership
• Elevate your investment portfolio with a property that has undergone recent upgrades, including a brand-new roof, fresh siding, updated windows, and modernized A/C units installed within the last few years. These enhancements not only enhance the property's curb appeal but also signify a commitment to quality and long-term sustainability, ensuring a sound investment for discerning buyers seeking both immediate returns and future appreciation.
• Unlock the door to financial prosperity with this income-generating property that combines a proven track record of performance with the promise of future value appreciation. Whether you're a seasoned investor seeking to expand your real estate portfolio or a newcomer looking to make a smart investment choice, this MultiFamily property at 47-67 Groner St. offers a rare opportunity to secure a stable income stream and build wealth through real estate ownership
Property Facts
| Price | $399,000 | Building Class | C |
| Price Per Unit | $66,500 | Lot Size | 2.08 AC |
| Sale Type | Investment | Building Size | 4,680 SF |
| Cap Rate | 7.05% | No. Stories | 1 |
| No. Units | 6 | Year Built | 1979 |
| Property Type | Multifamily | Parking Ratio | 3.21/1,000 SF |
| Property Subtype | Apartment |
| Price | $399,000 |
| Price Per Unit | $66,500 |
| Sale Type | Investment |
| Cap Rate | 7.05% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 2.08 AC |
| Building Size | 4,680 SF |
| No. Stories | 1 |
| Year Built | 1979 |
| Parking Ratio | 3.21/1,000 SF |
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PROPERTY TAXES
| Parcel Number | 13-04-20-3-000-017.0000 | Improvements Assessment | $35,500 |
| Land Assessment | $5,400 | Total Assessment | $40,900 |
PROPERTY TAXES
Parcel Number
13-04-20-3-000-017.0000
Land Assessment
$5,400
Improvements Assessment
$35,500
Total Assessment
$40,900
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Fort Novosel Multi-Family | 47-67 Groner St
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