Unleash the untapped potential of this 6-unit Multi-Family gem, delivering an impressive 7% cap rate that promises a rewarding return on investment. The current net operating income (NOI) of $28,121 merely scratches the surface, as tenants currently enjoy below-market rents for these generously sized 2-bedroom, 1-bath units. Envision the financial transformation when rental rates are adjusted to a modest market rate of $850 per unit, propelling the projected NOI to a remarkable $52,057. Elevate your investment portfolio with a property that has undergone recent upgrades, including a brand-new roof, fresh siding, updated windows, and modernized A/C units installed within the last few years. These enhancements not only enhance the property's curb appeal but also signify a commitment to quality and long-term sustainability, ensuring a sound investment for discerning buyers seeking both immediate returns and future appreciation.

This is an Active listing.

Broker Office Phone Number: 334-702-3595

Copyright © 2025Dothan Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.