Turnkey Renovated
1335 16th SE St Cullman, AL 35055
For Sale
$250,000
MULTI_FAMILY - Other - Cullman, AL
Property Size2,400 SF
Lot Size0.44 Acres
Price / SF$104.17
Days on Market149
Property Features for 1335 16th SE St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
2
Rooms
Bathroom 2, Bedroom 2, Bedroom 5, Bathroom 1, Bedroom 1, Bedroom 3, Bedroom 6, Bedroom 4
Patio and Porch features
Patio, Porch
Standard status
Active
APN
000000-000.000-0000-014.000
Size
2,400 SF
Lot size
0.44 Acres
Utilities
Water source
Public
Building Details
Year built
1988
Floors in Building
1
Flooring type
Carpet
Building materials
Vinyl Siding
Roof type
Asphalt
Architectural style
Other
Listing Agency:
Top Brokerage LLC
(855) 573-3021
Listed By:
Tony Giglio
(404) 891-6499
Added: Mar 2
Changed: Jul 26
Last Checked: Jul 29 at 2:06PM
MLS# 11665231
Copyright © 2026 My State MLS. 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 turnkey duplex features two updated residential units with modern finishes and fresh improvements throughout. The property has been fully renovated and includes brand-new kitchen appliances in each unit.
Located in SE Cullman, the duplex is described as convenient to schools, shopping, and local amenities.
With a total size of 2,400 square feet and lot size of 0.44 acres, this income property provides an owner-occupant option to live in one unit while renting the other, as well as an investor opportunity based on the stated approximate per-unit rental potential.
Located in SE Cullman, the duplex is described as convenient to schools, shopping, and local amenities.
With a total size of 2,400 square feet and lot size of 0.44 acres, this income property provides an owner-occupant option to live in one unit while renting the other, as well as an investor opportunity based on the stated approximate per-unit rental potential.
Key Highlights
- Fully renovated duplex built in 1988 with 2 updated units
- Approx. $1,500/month rental potential per unit (based on provided listing remarks)
- Includes brand‑new kitchen appliances
Financial Insights For Multifamily LT 5
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 | $21.6k | $9.00 |
| − Vacancy | −$1.4k | −$0.59 |
| EGI | $20.2k | $8.42 |
| − OpEx | −$6.1k | −$2.52 |
| NOI | $14.1k | $5.89 |
2,400 SF · lease $9.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$202.0K
$176.7K – $235.6K
NOI $14,137 @ 7.0% cap · market cap 5.65%
Second Best
Apartment 5plus
$185.2K
$162.0K – $216.1K
NOI $12,963 @ 7.0% cap · market cap 5.19%
Theoretical Best
Office A
$353.8K
$309.6K – $412.8K
NOI $24,768 @ 7.0% cap · market cap 9.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Fully renovated duplex with two updated units, each offering modern finishes and new kitchen appliances.
Where is this duplex located?
The property is located at 1335 16th SE St Cullman, AL.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Fully renovated duplex built in 1988 with 2 updated units; Approx. $1,500/month rental potential per unit (based on provided listing remarks); Includes brand‑new kitchen appliances
