Spacious Duplex with Screened
For Sale
$139,900
803 & 805 Blue Ridge Drive, Anniston, AL 36207
Investment duplex featuring fresh paint, new flooring, and private backyard.
Property Size2,020 SF
Price / SF$69.26
Days on Market859
Property Features for 803 & 805 Blue Ridge Drive
General Information
Standard status
Active
Size
2,020 SF
Property subtype
Multi Family
Building Details
Year Built
1953
Listing Agency:
Harris McKay Realty
(256) 236-0377
Listed By:
Ed Kelley
(205) 222-5909
Source:
Exitrealty
Added: Jun 19, 2024
Changed: Oct 25
Last Checked: Oct 23 at 4:18AM
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 Harris McKay Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This investment property features a duplex, each unit containing 2 bedrooms and 1 full bath. The interiors have been freshly painted, and the kitchens feature new flooring. Hardwood flooring is present throughout the units. Each unit includes a covered screened-in porch. Residents can enjoy a large and private backyard.
Key Highlights
- Spacious 2‑bedroom units offer comfortable living.
- Duplex structure provides investment opportunity.
- Freshly painted interior enhances appeal.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,899
Cap Rate
8.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$237,980
$238.0K
Cap Rate 7%
$169,986
$170.0K
Cap Rate 9%
$132,211
$132.2K
Market Conditions
NOI Build-Up for 2,020 SF
Gross rent
$18.2K $9.00/SF
− Vacancy
−$1.2K −$0.59/SF
EGI
$17.0K $8.42/SF
− OpEx
−$5.1K −$2.52/SF
NOI
$11.9K $5.89/SF
Area
Calhoun County, AL
Vacancy
6.50%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$237,980
Cap Rate 7%
$169,986
Cap Rate 9%
$132,211
Alternative Uses
Best Use
Multifamily LT 5
$170.0K
$148.7K – $198.3K
NOI $11,899 @ 7.0% cap · market cap 8.51%
Second Best
Apartment 5plus
$152.2K
$133.2K – $177.5K
NOI $10,652 @ 7.0% cap · market cap 7.61%
Theoretical Best
Healthcare Medical
$310.5K
$271.7K – $362.3K
NOI $21,738 @ 7.0% cap · market cap 15.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
392
Businesses Nearby
Explore this area
Business Placement
Demographics for 36207, AL
19,553
Population
9,260
Households
2.1
Avg Household Size
44
Median Age
32%
College-Educated
90%
High-School Grad
74.8 sq mi
ZIP Area
261
Density / Sq Mi
$70,090
Median Household Income
$39,898
Median Earnings
$890
Median Rent
$195,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Investment duplex featuring fresh paint, new flooring, and private backyard.
Where is this duplex located?
The property is located at 803 & 805 Blue Ridge Drive Anniston, AL.
What is the asking price?
The asking price for this property is $139,900.
What are key features of this property?
This property features: Spacious 2‑bedroom units offer comfortable living.; Duplex structure provides investment opportunity.; Freshly painted interior enhances appeal.
