Single-Story Duplex
33208 Stables Drive A Spanish Fort, AL 36527
33208 Stables Drive A, Spanish Fort, AL, 36527
$245,000
For Sale
$245,000
One-story duplex condo with stained concrete floors, granite countertops, and an attached single-car garage.
Property Size1,520 SF
Price / SF$161.18
Days on Market376
Property Features for 33208 Stables Drive A
General Information
- Standard status
- Active
- Size
- 1,520 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 2019
Listing agency
Wise Living Real Estate, LLC
(904) 254-6002
Listed by
Michelle O'Dare
(904) 254-6002
Source
Exitrealty
Added: Jul 11, 2025 Updated: Jul 21 at 12:11AM Checked: Jul 21 at 4:22AM
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 Wise Living Real Estate, LLC
Investment Insights
Based on property information with market context.
This one-story duplex condo offers 3 bedrooms and 2 bathrooms and includes stained concrete floors, granite countertops, and stainless steel appliances. The primary bathroom features double vanities, a tub/shower combo, and a walk-in closet. Ceiling fans and blinds are included and installed in all bedrooms. An attached single-car garage provides parking and additional storage. Outside, the property includes a covered front and back porch and an open yard area.
The property is located in the Spanish Fort area with access to I-10, Mobile, and Baldwin County. The seller notes the area has growing commerce and shopping.
In addition to the home features, the monthly dues include lawn care, a termite bond, and building insurance coverage that also covers the building and roof. The seller will consider a long-term lease during the sales process, subject to buyer due diligence and verification of all information.
The property is located in the Spanish Fort area with access to I-10, Mobile, and Baldwin County. The seller notes the area has growing commerce and shopping.
In addition to the home features, the monthly dues include lawn care, a termite bond, and building insurance coverage that also covers the building and roof. The seller will consider a long-term lease during the sales process, subject to buyer due diligence and verification of all information.
Key Highlights
- 2019‑built one‑story 3‑bedroom, 2‑bath duplex condo
- Upgrades include stained concrete floors, granite countertops, and stainless steel appliances
- Primary bath with double vanities, tub/shower combo, and walk‑in closet
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 | $21.0k | $13.80 |
| − Vacancy | −$1.1k | −$0.72 |
| EGI | $19.9k | $13.08 |
| − OpEx | −$6.0k | −$3.92 |
| NOI | $13.9k | $9.16 |
1,520 SF · lease $13.80/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$198.9K
$174.0K – $232.0K
NOI $13,920 @ 7.0% cap · market cap 5.68%
Second Best
Apartment 5plus
$177.0K
$154.9K – $206.5K
NOI $12,390 @ 7.0% cap · market cap 5.06%
Theoretical Best
Office A
$365.5K
$319.8K – $426.5K
NOI $25,587 @ 7.0% cap · market cap 10.44%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - One-story duplex condo with stained concrete floors, granite countertops, and an attached single-car garage.
Where is this duplex located?
The property is located at 33208 Stables Drive A Spanish Fort, AL.
What is the asking price?
The asking price for this property is $245,000.
What are key features of this property?
This property features: 2019‑built one‑story 3‑bedroom, 2‑bath duplex condo; Upgrades include stained concrete floors, granite countertops, and stainless steel appliances; Primary bath with double vanities, tub/shower combo, and walk‑in closet
