Multifamily Property with
156-A Dudley Lane Owens Cross Roads, AL 35763
156-A Dudley Lane, Owens Cross Roads, AL, 35763
$585,000
For Sale
$585,000
MULTI_FAMILY - Owens Cross Roads, AL
Property Size3,588 SF
Lot Size2.40 Acres
Price / SF$163.04
Days on Market21
Property Features for 156-A Dudley Lane
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 10
- Parking features
- Driveway, Off Street, Parking Lot
- Patio and Porch features
- Deck
- Appliances
- Oven, Refrigerator, Dishwasher, Washer, Dryer, W/D Hookup, Electric Water Heater
- Standard status
- Active
- Size
- 3,588 SF
- Lot size
- 2.40 Acres
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central, Electric (Heating), Varies by Unit (Heating)
- Cooling system
- Central Air
- Water source
- Public
- Water front features
- Pond
Building Details
- Year built
- 2002
- Floors in Building
- 1
- Number of units
- 5
Listing Agency
Endeavour Realty
(256) 384-4808
7800 Madison Blvd Ste 307, AL
Listed by
Lindsey Parker · License #122609
(256) 263-5451
Added: Jun 30 Checked: Jul 20 at 4:06 am
MLS# 21905930
Listing URL
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Investment Insights
Based on property information with market context.
This multifamily property for sale consists of five residential units, including two free-standing units and a triplex. The two free-standing units each offer 2 bedrooms and 1 bathroom, with a dedicated laundry room and washer/dryer provided for those units. The triplex includes one 1-bedroom/1-bath unit and two 2-bedroom/1-bath units, each with washer/dryer combo units.
The property sits on a large 2.4-acre lot with room for additional buildings. All five units are currently fully occupied, and utilities are managed through two utility meters with tenants responsible for utilities. Recent improvements include five brand new front porches and four brand new HVAC units, and two units have brand new flooring.
The property sits on a large 2.4-acre lot with room for additional buildings. All five units are currently fully occupied, and utilities are managed through two utility meters with tenants responsible for utilities. Recent improvements include five brand new front porches and four brand new HVAC units, and two units have brand new flooring.
Key Highlights
- 5‑unit multifamily property (2 free‑standing units plus a triplex) built in 2002
- Large 2.4‑acre lot with room for additional buildings
- All 5 units are fully occupied
Local 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 | $45.2k | $12.60 |
| − Vacancy | −$7.8k | −$2.18 |
| EGI | $37.4k | $10.42 |
| − OpEx | −$11.2k | −$3.13 |
| NOI | $26.2k | $7.30 |
3,588 SF · lease $12.60/SF/yr · vacancy 17.29% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$373.9K
$327.2K – $436.3K
NOI $26,175 @ 7.0% cap · market cap 4.47%
Second Best
Apartment 5plus
$323.8K
$283.3K – $377.7K
NOI $22,664 @ 7.0% cap · market cap 3.87%
Theoretical Best
Office A
$934.3K
$817.5K – $1.09M
NOI $65,402 @ 7.0% cap · market cap 11.18%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Apartment building - Five fully occupied units on a 2.4-acre lot, including two standalone 2BR/1BA units and a three-unit triplex.
Where is this apartment building located?
The property is located at 156-A Dudley Lane Owens Cross Roads, AL.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: 5‑unit multifamily property (2 free‑standing units plus a triplex) built in 2002; Large 2.4‑acre lot with room for additional buildings; All 5 units are fully occupied
