Residential Income
For Sale
$535,000
704 Denson Avenue SW 702-708, Cullman, AL 35055
Central air and on-site parking serve the property.
Property Size4,187 SF
Days on Market16
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Property Features for 704 Denson Avenue SW 702-708
General Information
Standard status
Active
Size
4,187 SF
Total Parking Spaces
8
Property subtype
Residential Income
Zoning
See Remarks
Taxes and HOA fees
Annual Taxes
$164,318
Amenities
Central Air
Central, Varies by Unit
Refrigerator, Oven, Dishwasher, Tankless Water Heater
Parking Lot
Building Details
Building Size
4,187 SF
Year Built
1986
Buildings
1
Listing Agency:
Culpepper Real Estate
Listed By:
Lauren Roden · License #168392
(731) 499-1377
Source:
Evrealestate
Added: Sep 30
Changed: Oct 15
Last Checked: Oct 14 at 11:07PM
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 Culpepper Real Estate
Investment Insights
Based on property information with market context.
Built in 1986, this residential income property has central air and a parking lot. Heating is central, with the configuration varying by unit. Listed appliances include a refrigerator, oven, and dishwasher, along with a tankless water heater.
Key Highlights
- Built in 1986
- Parking lot on site
- Central air
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,616
Cap Rate
4.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$452,320
$452.3K
Cap Rate 7%
$323,086
$323.1K
Cap Rate 9%
$251,289
$251.3K
Market Conditions
NOI Build-Up for 4,187 SF
Gross rent
$44.2K $10.56/SF
− Vacancy
−$3.1K −$0.74/SF
EGI
$41.1K $9.82/SF
− OpEx
−$18.5K −$4.42/SF
NOI
$22.6K $5.40/SF
Area
Cullman County, AL
Vacancy
7.00%
Lease Rate
$10.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$452,320
Cap Rate 7%
$323,086
Cap Rate 9%
$251,289
Alternative Uses
Best Use
Apartment 5plus
$323.1K
$282.7K – $376.9K
NOI $22,616 @ 7.0% cap · market cap 4.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$617.3K
$540.1K – $720.2K
NOI $43,210 @ 7.0% cap · market cap 8.08%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
610
Businesses Nearby
Explore this area
Business Placement
Demographics for 35055, AL
22,299
Population
10,664
Households
2.1
Avg Household Size
39
Median Age
26%
College-Educated
88%
High-School Grad
63.8 sq mi
ZIP Area
350
Density / Sq Mi
$58,488
Median Household Income
$40,079
Median Earnings
$934
Median Rent
$195,400
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - Central air and on-site parking serve the property.
Where is this residential income property located?
The property is located at 704 Denson Avenue SW 702-708 Cullman, AL.
What is the asking price?
The asking price for this property is $535,000.
What are key features of this property?
This property features: Built in 1986; Parking lot on site; Central air
