One-Story Duplex with Attached
33228 Stables Drive B Spanish Fort, AL 36527
33228 Stables Drive B, Spanish Fort, AL, 36527
$259,900
For Sale
$259,900
Duplex with lease in place, professionally managed, offering quality upgrades and an attached single-car garage.
Property Size1,352 SF
Price / SF$192.23
Days on Market495
Property Features for 33228 Stables Drive B
General Information
- Standard status
- Active
- Size
- 1,352 SF
- Property subtype
- Duplex
Building Details
- Year Built
- 2025
Listing agency
Shamrock Properties, LLC
(251) 533-9445
Listed by
David Kahalley · License #77246
(251) 533-9033
Source
Xome
Added: Mar 15, 2025 Updated: Jul 21 at 5:15PM Checked: Jul 21 at 5:15PM
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 Shamrock Properties, LLC
Investment Insights
Based on property information with market context.
This one-story duplex is sold with a lease in place and is professionally managed by Shamrock Properties. Each unit features three bedrooms and two bathrooms, with stained concrete floors, granite countertops, and stainless steel appliances. The primary bathroom includes 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 convenient parking and storage, and the exterior offers a covered front and back porch along with a large open yard area.
The property is in the Spanish Fort area and is positioned for convenient access to I-10, Mobile, and Baldwin County, with shopping nearby. For building-related expenses, lawn care, a termite bond, and insurance on the building are included in the monthly dues, including coverage for the building and roof.
Buyer to verify all information during due diligence.
The property is in the Spanish Fort area and is positioned for convenient access to I-10, Mobile, and Baldwin County, with shopping nearby. For building-related expenses, lawn care, a termite bond, and insurance on the building are included in the monthly dues, including coverage for the building and roof.
Buyer to verify all information during due diligence.
Key Highlights
- 2025‑built one‑story duplex (3 bed, 2 bath) with a lease in place and professional management by Shamrock Properties
- Included appliances: dishwasher, disposal, microwave, electric range/cooktop, and refrigerator
- Upgrades include stained concrete floors, granite countertops, and stainless steel appliances
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 | $18.7k | $13.80 |
| − Vacancy | −$970 | −$0.72 |
| EGI | $17.7k | $13.08 |
| − OpEx | −$5.3k | −$3.92 |
| NOI | $12.4k | $9.16 |
1,352 SF · lease $13.80/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$176.9K
$154.8K – $206.4K
NOI $12,381 @ 7.0% cap · market cap 4.76%
Second Best
Apartment 5plus
$157.4K
$137.8K – $183.7K
NOI $11,020 @ 7.0% cap · market cap 4.24%
Theoretical Best
Office A
$325.1K
$284.5K – $379.3K
NOI $22,759 @ 7.0% cap · market cap 8.76%
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 - Duplex with lease in place, professionally managed, offering quality upgrades and an attached single-car garage.
Where is this duplex located?
The property is located at 33228 Stables Drive B Spanish Fort, AL.
What is the asking price?
The asking price for this property is $259,900.
What are key features of this property?
This property features: 2025‑built one‑story duplex (3 bed, 2 bath) with a lease in place and professional management by Shamrock Properties; Included appliances: dishwasher, disposal, microwave, electric range/cooktop, and refrigerator; Upgrades include stained concrete floors, granite countertops, and stainless steel appliances
