Residential Income
For Sale
$160,000
105 Habbler Street, Sheffield, AL 35660
Residential income property for sale in Sheffield, offering income-producing units with room for investor improvements.
Property Size2,128 SF
Price / SF$75.19
Days on Market54
Property Features for 105 Habbler Street
General Information
Standard status
Active
Size
2,128 SF
Total Parking Spaces
2
Property subtype
Multi Family Home
Additional Details
Business Included
Yes
Highway Access
Yes
Building Details
Building Size
2,128 SF
Year Built
1945
Buildings
1
Stories
2
Units
2
Tenancy
Multi
Listing Agency:
Norluxe Realty Huntsville
(256) 713-9444
Listed By:
Sharell Powers · License #114388
(256) 713-9444
Source:
Alabamaland
Added: Jun 26
Changed: Aug 8
Last Checked: Aug 17 at 11:19PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Norluxe Realty Huntsville
Investment Insights
Based on property information with market context.
This residential income property is offered for sale as a multi-unit investment opportunity in Sheffield. The property is presented with pictures that are similar to the actual condition.
The seller notes it is conveniently located near local amenities, schools, and major roadways in Sheffield.
While specific unit configuration and interior details are not provided, the offering is positioned for investors looking to add or expand a rental portfolio.
The seller notes it is conveniently located near local amenities, schools, and major roadways in Sheffield.
While specific unit configuration and interior details are not provided, the offering is positioned for investors looking to add or expand a rental portfolio.
Key Highlights
- Multifamily residential income property for sale in Sheffield
- Year built: 1945
- Income‑producing units with room for investor improvements
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$11,246
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.03%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$224,920
$224.9K
Cap Rate 7%
$160,657
$160.7K
Cap Rate 9%
$124,956
$125.0K
Market Conditions
NOI Build-Up for 2,128 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$21.7K $10.20/SF
− Vacancy
−$1.3K −$0.59/SF
EGI
$20.4K $9.61/SF
− OpEx
−$9.2K −$4.32/SF
NOI
$11.2K $5.28/SF
Area
Colbert County, AL
Vacancy
5.80%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$224,920
Cap Rate 7%
$160,657
Cap Rate 9%
$124,956
Alternative Uses
Best Use
Apartment 5plus
$160.7K
$140.6K – $187.4K
NOI $11,246 @ 7.0% cap · market cap 7.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$339.8K
$297.3K – $396.5K
NOI $23,787 @ 7.0% cap · market cap 14.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
547
Businesses Nearby
Explore this area
Business Placement
Demographics for 35660, AL
9,434
Population
5,139
Households
1.8
Avg Household Size
40
Median Age
16%
College-Educated
88%
High-School Grad
6.2 sq mi
ZIP Area
1,522
Density / Sq Mi
$42,510
Median Household Income
$31,302
Median Earnings
$850
Median Rent
$129,000
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Residential income property for sale in Sheffield, offering income-producing units with room for investor improvements.
Where is this residential income property located?
The property is located at 105 Habbler Street Sheffield, AL.
What is the asking price?
The asking price for this property is $160,000.
What are key features of this property?
This property features: Multifamily residential income property for sale in Sheffield; Year built: 1945; Income‑producing units with room for investor improvements
