REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 185,000
Est. payment | /mo
4 Beds
2 Baths
1,648 SqFt
$ 185,000
Est. payment | /mo
4 Beds
2 Baths
1,648 SqFt
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,648 sqft
Price per Sqft $112
Subdivision No Subdivision
MLS Listing ID 231352
Bedrooms 4
Year Built 1995
Lot Size 10,454 Sqft
Property Sub-Type Duplex
Property Description
Investor Opportunity – Duplex with Section 8 Income, Rent Upside & Portfolio Expansion Potential | $185,000 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 agent for full portfolio details.
Location
State AL
Area Alabama-01
Interior
Heating Electric
Exterior
Parking Features One per Unit
Garage Spaces 2.0
Garage No
Building
Lot Description Less than 1/2 Acre, Level
Sewer Public Sewer
Water Public
Listed by Keller Williams Realty River Cities
Schools and Properties Nearby
Learn More About LPT Realty
LaKesha Weldon
Broker Associate | License ID: 366056