10,454 Sqft Lot
10,454 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID E103544
Construction Status Resale
HOA Y/N No
Year Built 1995
Annual Tax Amount $1,683
Tax Year 2025
Lot Size 10,454 Sqft
Acres 0.24
Property Sub-Type Duplex
Property Description
Well-maintained duplex offering immediate cash flow with a combination of government-backed income and significant rental upside. This property is ideal for investors seeking stability today with the opportunity to increase returns over time.
Unit A is currently rented at $600/month through the Section 8 program, with a lease in place through September 2026, providing reliable and consistent income. This unit also features an HVAC system replaced in 2024, reducing near-term maintenance concerns.
Unit B is rented at $575/month with a lease in place through April 2026, offering additional income with an earlier opportunity to adjust rents to market levels.
Total current rental income: $1,175/month
Both units are currently well below market rent, with projected rental rates estimated in the $850–$950/month range per unit, creating a strong value-add opportunity for investors looking to increase cash flow.
Highlights:
Total current rental income of $1,175/month
Section 8 income in place (Unit A)
Lease terms through April & September 2026
HVAC replaced in 2024 (Unit A)
Significant below-market rents with upside potential
Stable, income-producing investment
This property can be purchased individually or as part of a larger portfolio, including multiple duplexes and quadplexes—ideal for investors looking to scale quickly with income-producing assets. Contact listing agent for full portfolio details.
Location
State AL
County Russell
Body of Water None
Interior
Interior Features InteriorFeatures
Heating Central
Cooling Central Air, Ceiling Fan(s)
Fireplace No
Window Features None
Exterior
Parking Features Driveway
Fence None
Community Features None
Utilities Available Cable Available, Electricity Available, Phone Available, Sewer Available, Water Available
Waterfront Description None
View Y/N Yes
Water Access Desc Public
View City
Roof Type Shingle
Accessibility None
Total Parking Spaces 2
Building
Lot Description Corner Lot
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
Structure Type Brick
Construction Status Resale
Others
Security Features None
Acceptable Financing Cash, Conventional, 1031 Exchange, FHA, VA Loan
Green/Energy Cert None
Listing Terms Cash, Conventional, 1031 Exchange, FHA, VA Loan
Special Listing Condition Standard, None
Nearby Locations
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