3252 and 3246 Warringwood Dr Hoover, AL 35216
Well-maintained, renovated 8-unit multifamily property in desirable Hoover, AL.
- Added:
- Nov 21, 2025
- Days on Market:
- 232
- Last Refresh:
- May 9 at 1:25 am
Property Features for 3252 and 3246 Warringwood Dr
General Information
- Standard status
- Active
- Size
- 10,176 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1970
Listing office (256) 668-2858
Listing date Nov 21, 2025
Source Svn
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 Richard McDonald
Investment Insights
Based on property information with market context.
Key Highlights
- 100% Occupancy provides a strong and reliable income stream.
- Located in desirable Hoover, AL, a high‑demand rental market.
- Significant Upside: Rent comparables are higher, presenting an opportunity to raise rents.
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 | $162.4k | $15.96 |
| − Vacancy | −$21.1k | −$2.07 |
| EGI | $141.3k | $13.89 |
| − OpEx | −$63.6k | −$6.25 |
| NOI | $77.7k | $7.64 |
