Building Details

Building Size 4,238 SF

Year Built 1950

Year Renovated 2022

Listing Agency: Red Rock Realty Group

Listed By: Bud Ballard · License #000105215 Show Phone

Source: Redrockrg

Added: Apr 11 Changed: Sep 12 Last Checked: Oct 12 at 6:45PM

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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 Red Rock Realty Group

Investment Insights

Based on property information with market context.

This offering includes three buildings that were renovated in 2022, providing a multi-structure residential income configuration. The sale includes two duplexes and a single-family residence, all located on the same parcel.

The properties are very close to Leeds Elementary, Middle and High Schools, and also near downtown Leeds.

For buyers seeking a small residential income portfolio with multiple units under one ownership group, this package offers a straightforward mix of two duplex buildings plus one single-family residence, supported by the stated presence of stable income.

Key Highlights

• 3 buildings renovated in 2022: two duplexes and a single‑family residence on one parcel
• Sale includes two duplexes and one single‑family residence, all on the same parcel
• Very close to Leeds Elementary, Middle and High Schools and downtown Leeds

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$36,507

Cap Rate

8.59%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$730,140 $730.1K

Cap Rate 7%

$521,529 $521.5K

Cap Rate 9%

$405,633 $405.6K

Market Conditions

NOI Build-Up for 4,238 SF

Gross rent

$59.5K $14.04/SF

− Vacancy

−$7.3K −$1.73/SF

EGI

$52.2K $12.31/SF

− OpEx

−$15.6K −$3.69/SF

NOI

$36.5K $8.61/SF

Area

Jefferson County, AL

Vacancy

12.35%

Lease Rate

$14.04 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$730,140

Cap Rate 7%

$521,529

Cap Rate 9%

$405,633

Alternative Uses

Best Use

Multifamily LT 5

$521.5K

$456.3K – $608.5K (±1% cap)

NOI $36,507 @ 7.0% cap · market cap 8.59%

Second Best

Apartment 5plus

$462.4K

$404.6K – $539.4K (±1% cap)

NOI $32,365 @ 7.0% cap · market cap 7.62%

Theoretical Best

Office A

$1.46M

$1.28M – $1.70M (±1% cap)

NOI $102,057 @ 7.0% cap · market cap 24.01%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Big Box & Wholesale Store Law Firm Building Supply Storage Facility Electrical Service Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5

Residential units

Location Intelligence

Trade Area within ½ mile

283

Businesses Nearby

Explore this area Business Placement

Demographics for 35094, AL

14,936

Population

6,502

Households

2.3

Avg Household Size

41

Median Age

29%

College-Educated

87%

High-School Grad

58.7 sq mi

ZIP Area

254

Density / Sq Mi

$74,340

Median Household Income

$45,210

Median Earnings

$976

Median Rent

$222,200

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Duplex - Three renovated buildings include two duplexes and a single-family residence on one parcel with stable income.

Where is this duplex located?

The property is located at 1411 Vivian Street Leeds, AL.

What is the asking price?

The asking price for this property is $425,000.

What are key features of this property?

This property features: 3 buildings renovated in 2022: two duplexes and a single‑family residence on one parcel; Sale includes two duplexes and one single‑family residence, all on the same parcel; Very close to Leeds Elementary, Middle and High Schools and downtown Leeds