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Updated Residential Income Home

118 Pauline Drive Hazel Green, AL 35750

Claim this Listing
For Sale
$315,900

COMMERCIAL - Hazel Green, AL

Property size:
2,577 SF
Lot size:
0.36 Acres
Price / SF:
$122/SF
Added:
Jul 3, 2026
Days on Market:
11
Last Refresh:
Jul 13 at 1:06 am

Property Features for 118 Pauline Drive

General Information

Property type
Commercial Sale
Property subtype
Other
Standard status
Active
Size
2,577 SF
Lot size
0.36 Acres

Utilities

Sewer type
Septic Tank
Heating system
Central
Water source
Public

Building Details

Floors in Building
1
Flooring type
Wood

Listing agent Teresa Gaffin License #70519

Listing office First Choice Real Estate 303 Williams Ave Ste 721, Huntsville, AL

Listing date Jul 3, 2026

MLS# 21912210

Copyright © 2026 ValleyMLS.Com,Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

This updated full-brick home provides four bedrooms and two full baths, including a formal living room and a spacious family room with a wood-burning fireplace. Interior updates include fresh paint, refinished hardwood floors, and a renovated kitchen with new tile flooring, countertops, range, dishwasher, and refrigerator. Major improvements include a new roof and an HVAC system, supporting comfortable day-to-day living. Outside, the property includes a large concrete patio overlooking a partially fenced backyard with a wooded backdrop.

The home is located in Hazel Green, Alabama, on Pauline Drive, with convenience noted to schools, shopping, and restaurants. The lot size is 0.36 acres, and the home totals 2,577 square feet.

As a for-sale residence identified as both a single family property and a residential income property, this layout can fit households seeking multiple bedrooms and shared living space, while also being suitable for consideration as a rental home given its updated condition and recent mechanical and interior upgrades. The combination of fireplace features, refreshed finishes, and outdoor entertaining space makes it practical for tenants or owner-occupants looking for a move-in-ready option.

Key Highlights

  • Price reduced by $34,000
  • Full‑brick home with 4 bedrooms and 2 full bathrooms
  • Wood‑burning fireplace in the spacious family room plus formal living room

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up
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.

Component $ $/SF
Gross rent $36.2k $14.04
− Vacancy −$6.6k −$2.56
EGI $29.6k $11.48
− OpEx −$13.3k −$5.17
NOI $16.3k $6.32
2,577 SF · lease $14.04/SF/yr · vacancy 18.20% · expense 45.00%

Alternative Uses

Best Use
Apartment 5plus
$232.5K
$203.5K – $271.3K (±1% cap)
NOI $16,278 @ 7.0% cap · market cap 5.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$671.1K
$587.2K – $782.9K (±1% cap)
NOI $46,974 @ 7.0% cap · market cap 14.87%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Single family properties

Suggested Use

Building Supply Dental Office Parking Lot & Garage HVAC Service Electrical Service Big Box & Wholesale Store Nail Salon Hair Salon (Bike/Boat/Book/etc) Store Pharmacy

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Single family property - Full-brick home with four bedrooms, updated kitchen, new roof, and HVAC, offering indoor comfort and outdoor patio space.
Where is this single family property located?
The property is located at 118 Pauline Drive Hazel Green, AL.
What is the asking price?
The asking price for this property is $315,900.
What are key features of this property?
This property features: Price reduced by $34,000; Full‑brick home with 4 bedrooms and 2 full bathrooms; Wood‑burning fireplace in the spacious family room plus formal living room
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More about this property
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