Newly Constructed
214 Fern Bank Drive Hazel Green, AL 35750
214 Fern Bank Drive, Hazel Green, AL, 35750
$349,900
For Sale
$349,900
New duplex featuring two bedrooms and two full baths per unit with granite countertops and stainless steel appliances.
Property Size2,100 SF
Price / SF$166.62
Days on Market11
Property Features for 214 Fern Bank Drive
General Information
- Standard status
- Active
- Size
- 2,100 SF
- Property subtype
- Multi Family Home
Building Details
- Year Built
- 2024
Listing agency
Kw Huntsville
(256) 830-1313
Listed by
John White
(256) 830-1313
Source
Alabamaland
Added: Jul 12 Updated: Jul 22 at 2:39AM Checked: Jul 22 at 2:39AM
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 Kw Huntsville
Investment Insights
Based on property information with market context.
Newly constructed duplex offering flexible residential income or multi-unit living. Each unit is designed with an open floor plan and includes 2 bedrooms and 2 full bathrooms. The kitchen features granite countertops and stainless steel appliances, with durable flooring and quality finishes throughout.
The property is located in a quiet Hazel Green setting, just minutes from shopping, dining, schools, and everyday conveniences.
Additional parcels are available for future expansion.
The property is located in a quiet Hazel Green setting, just minutes from shopping, dining, schools, and everyday conveniences.
Additional parcels are available for future expansion.
Key Highlights
- Newly constructed duplex built in 2024 with two units
- Each unit features 2 bedrooms and 2 full baths
- Open floor plan with a kitchen that includes granite countertops
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 | $26.5k | $12.60 |
| − Vacancy | −$4.6k | −$2.18 |
| EGI | $21.9k | $10.42 |
| − OpEx | −$6.6k | −$3.13 |
| NOI | $15.3k | $7.30 |
2,100 SF · lease $12.60/SF/yr · vacancy 17.29% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$218.9K
$191.5K – $255.3K
NOI $15,320 @ 7.0% cap · market cap 4.38%
Second Best
Apartment 5plus
$189.5K
$165.8K – $221.1K
NOI $13,265 @ 7.0% cap · market cap 3.79%
Theoretical Best
Office A
$546.8K
$478.5K – $638.0K
NOI $38,279 @ 7.0% cap · market cap 10.94%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - New duplex featuring two bedrooms and two full baths per unit with granite countertops and stainless steel appliances.
Where is this duplex located?
The property is located at 214 Fern Bank Drive Hazel Green, AL.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Newly constructed duplex built in 2024 with two units; Each unit features 2 bedrooms and 2 full baths; Open floor plan with a kitchen that includes granite countertops
