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Sunrise Cottages 122 Lisa Ct 48 Unit Apartment Building $4,000,000 ($83,333/Unit) 8.50% Cap Rate Dothan, AL 36305
Investment Highlights
- Dead-end street.
- Energy efficient
- Surrounded by nature
Executive Summary
Highly desirable apartment complex, new construction low maintenance 1 bed 1 bath duplexes. 90% occupied with long term tenants in a very desirable location! Call today for more info or showing!
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $4,000,000 | Apartment Style | Garden |
| Price Per Unit | $83,333 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.50 AC |
| Cap Rate | 8.50% | Building Size | 27,648 SF |
| Sale Condition | Business Value Included | Average Occupancy | 90% |
| No. Units | 48 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 2023 |
| Property Subtype | Apartment |
| Price | $4,000,000 |
| Price Per Unit | $83,333 |
| Sale Type | Investment |
| Cap Rate | 8.50% |
| Sale Condition | Business Value Included |
| No. Units | 48 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.50 AC |
| Building Size | 27,648 SF |
| Average Occupancy | 90% |
| No. Stories | 1 |
| Year Built | 2023 |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Cable Ready
- Microwave
- Granite Countertops
- Range
- Freezer
- Vinyl Flooring
Site Amenities
- Private Bathroom
About 122 LISA CT , DOTHAN, AL 36305
24-1 bed 1 bath duplexes Full laundry room with hookups Full kitchen Full bathroom Vinyl Plank Flooring throughout Granite Counters Custom/Solid wood cabinets Mini split hvac Tankless water heater Stainless steel appliances
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 48 | $787.50 | 500 - 550 |
1 1
Somewhat walkable
20/100
Exceptionally drivable
90/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 09-09-30-0-001-002-000 | Total Assessment | $46,180 (2025) |
| Land Assessment | $0 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $0 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
09-09-30-0-001-002-000
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$46,180 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
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Sunrise Cottages | 122 Lisa Ct
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