Current Use by Public Records
- Residential income homes
Property Details for 96 Davidson Rd
- Year built
- 1965
- Property type
- Residential income homes
Description
This Daleville, Alabama triplex presents a compelling investment opportunity. The property, located at 96 Davidson Rd, 36322, comprises three units within a single, one-story building totaling 2,240 square feet, built in 1965. Currently operating at 100% occupancy, the property generates a substantial net operating income (NOI) of $27,800 annually, translating to a 14.63% capitalization rate. Each of the three units commands a monthly rent of $700, with an additional $300 monthly income derived from an RV rental on the expansive 2-acre lot. The property boasts three street frontages, offering significant potential for future expansion, such as the addition of cabins. The asking price is $190,000, representing a price per unit of $63,333.33 and a price per square foot of $84.82. The property's parcel number is 26 19 06 14 0 001 002 000. This turnkey investment offers strong cash flow and considerable upside potential in a desirable location. The property's size and location provide a unique opportunity for both immediate income generation and future development.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Daleville
- County
- Dale
- State
- Alabama
- Longitude
- -85.7081
- Latitude
- 31.2388
