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Property profile & analytics
OFF-MARKET
Residential income homes

96 Davidson Rd Daleville, AL 36322

2,240 SF Built 1965
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Residential income homes
Year built 1965
Total area 2,240 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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