8135 State Unit #A B C D, Citronelle, AL 36522

$325,000
8
BD
4
BA
3,000
SqFt

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List Price
$325,000
Status
ACTIVE
Price Change
▼ $4,449 1783477888
MLS#
7726315
Style
Other
Year Built
1984
Bedrooms
8
Bathrooms
4
Full Baths
4
Living Area
3,000
Lot Size
66,211
Acres
1.52
Subdivision
Town Of Citronelle

Property Description

Price Improvement $325,000. Investor alert! Turnkey Cash-Flowing 4-Unit Investment Opportunity! Fully occupied 4-unit property generating immediate income from day one. Properties with this kind of built-in cash flow and upside potential are becoming increasingly hard to find. Each unit features 2 bedrooms, 1 bathroom, a kitchen, a living room, and a laundry room, creating functional layouts that support strong tenant demand. All units are separately metered for electricity, keeping operating costs lower for the owner. Tenants pay their own electric, while water is shared. Current rents: •Two units rents $750/month • One unit at $650/month• One unit at $550/month and that tenant provides the maintenance for the property. All leases are month-to-month, allowing the next owner to adjust rents and increase overall returns. Situated on approximately 1.5 acres, this property offers additional upside potential with room for possible expansion, additional units, or other development opportunities (buyer to verify). Additional income opportunities include: a large roadside sign that can be leased for advertising, and parking income during local high school football games. The property offers ample parking in both the front and rear, along with covered porches on both sides of the building. Conveniently located within walking distance to medical facilities, restaurants, banks, shopping, and other everyday amenities, making it attractive for long-term tenants. Income-producing properties with land and future upside like this are rarely available. Do not disturb tenants. Showings by appointment only with the listing agent and subject to tenant approval.

Additional Information

Interior Features
Other
Exterior Features
Other
Property Description
Other
Flooring
Vinyl
Heating
Central, Electric
Air Conditioning
Ceiling Fan(s), Central Air
Levels
One
Elementary School
McDavid-Jones
Middle School
Lott
High School
Citronelle
View
City, Trees/Woods

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Calculator source: Real Geeks

Listing courtesy of Keller Williams Mobile.