BEDS2
BATHS1 full 1 half
SQUARE FEET873
MLS#395668
STATUSActive
PROPERTY TYPEResidential - Townhouse
SUBDIVISIONBay Forest
Property Description
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.
Property Features
Property Type: Residential - Townhouse
Cooling: Electric
Heating: Central
Home Style: Condo
Property Type: Residential Attached
Stories: 1.0
Taxes: $1,205
Year Built: 1883
Amenities
Ceiling Fan(s)
Feature Descriptions
Appliances: Dryer, Washer, Microwave, Dishwasher, Refrigerator
Association Fee Includes: Pool, Trash, Taxes Common Area, Common Area Insurance, Association Management, Common Area Maintenance
Community Features: None
Days on Site: 188
Dining Room: LivingDiningKitchenCombo
Fireplace: No Fireplace
Flooring: Tile, Luxury Vinyl Plank
HOA Fee: 250
HOA Y/N: Yes
Pets Allowed: Yes
Property Amenities: Ceiling Fans, Covered Patio
Utilities: Total Electric, Daphne Utilities, Riviera Utilities, Water Heater Electric
Local Schools
High School: Daphne High
Middle School: Daphne Middle
Elementary School: Daphne Elementary
Listed By / Shown By
Listed By
Agency Name: Roberts Brothers Inc. - Gulf Coast
Agency Phone: 251-974-5625
Shown By
Agent Name: Danna Saia
Agent Phone: (251) 233-9828
Agency Title: Bellator Real Estate
Estimate Your Payment
Estimated Payment
$ 858.54 per month $714.66 Principal & Interest $100.42 Property Tax $43.46 Homeowner's InsuranceChange Payment Information
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500 Grant Street, Unit B106 | MLS# 395668
This townhouse located at 500 Grant Street, Unit B106, Daphne, AL 36526 is currently listed for sale with an asking price of $149,000. This property was built in 1883 and has 2 bedrooms and 1 full and 1 partial baths with 873 sq. ft. Grant Street, Unit B106 is located in the Bay Forest subdivision. Search Bay Forest real estate on dannasaia.gobellator.com today.