156-A Dudley Lane Owens Cross Roads, AL 35763 156 Dudley Ln 5 Unit Apartment Building $595,000 ($119,000/Unit) 7.50% Cap Rate Owens Cross Roads, AL 35763

Discover a rare investment opportunity with this fully occupied multi-family property located at 156-A Dudley Lane in Owens Cross Roads, Alabama. Situated on a generous 2.4-acre parcel, this asset features five income-producing units: two freestanding residences and a triplex, offering a diverse unit mix of one- and two-bedroom layouts. Each of the triplex units is thoughtfully equipped with essential appliances, including washer and dryer setups, ensuring convenience for tenants and reducing turnover risk.
The property’s expansive lot provides ample space for future development or additional structures, making it an attractive option for investors seeking long-term growth. With central heating and cooling, public water and sewer, and off-street parking complemented by shared driveways and gravel access, this investment combines functionality with tenant appeal. Strategically positioned near Huntsville’s thriving economic corridor, Owens Cross Roads offers proximity to major employment hubs, retail centers, and recreational amenities. The area’s steady population growth and strong rental demand underscore the stability of this investment. Current occupancy is 100%, and tenants are responsible for utilities, streamlining operational expenses for ownership. Older leases included utilities in rental price, but recent agreements reflect modern billing practices, further optimizing cash flow.
Priced at $595,000, this property presents an exceptional opportunity to acquire a stabilized asset with upside potential. Showings are available with acceptable offers only, preserving tenant privacy and operational continuity.
Trash pick up is once per month at $148/month.
Water and sewer is billed monthly at approximately $178 in owner cost.
Electricity is approximately $300 in monthly owner expenses.
Insurance is currently $3070 annually.
Annual taxes are currently $2033.