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.
Daleville is located in Alabama. Daleville, Alabama has a population of 4,912. Daleville is less family-centric than the surrounding county with 18.08% of the households containing married families with children. The county average for households married with children is 25.07%.
The median household income in Daleville, Alabama is $43,459. The median household income for the surrounding county is $50,052 compared to the national median of $69,021. The median age of people living in Daleville is 41.9 years.
The average high temperature in July is 91.8 degrees, with an average low temperature in January of 37.1 degrees. The average rainfall is approximately 54.7 inches per year, with 0.1 inches of snow per year.
