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3 Luker Cir - 3 Luker Circle 18 Unit Apartment Building Offered at $474,900 at a 17.41% Cap Rate Selma, AL 36701
EXECUTIVE SUMMARY
INSANE OPPORTUNTIY!!!
Don't miss this unbeatable investment. 15 homes and a triplex on 9 acres, total of 18 units. Solid brick high quality construction, beautiful terrazzo floor on every house! Separate electric, water and trash meters, tenants pay all utilities. Central heat and air. City water and sewer. PROPERTY WILL GENERATE A 17%+ NET RETURN ON INVESTMENT!!! OVER $100K IN VALUE ADD!!! Do not miss out on this opportunity!!!
Property management and financing is available.
Don't miss this unbeatable investment. 15 homes and a triplex on 9 acres, total of 18 units. Solid brick high quality construction, beautiful terrazzo floor on every house! Separate electric, water and trash meters, tenants pay all utilities. Central heat and air. City water and sewer. PROPERTY WILL GENERATE A 17%+ NET RETURN ON INVESTMENT!!! OVER $100K IN VALUE ADD!!! Do not miss out on this opportunity!!!
Property management and financing is available.
FINANCIAL SUMMARY (PRO FORMA - 2026) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$136,200
|
$5.37
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$136,200
|
$5.37
|
| Taxes |
$4,600
|
$0.18
|
| Operating Expenses |
$40,202
|
$1.58
|
| Total Expenses |
$44,802
|
$1.77
|
| Net Operating Income |
$91,398
|
$3.60
|
FINANCIAL SUMMARY (PRO FORMA - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $136,200 |
| Annual Per SF | $5.37 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $136,200 |
| Annual Per SF | $5.37 |
| Taxes | |
|---|---|
| Annual | $4,600 |
| Annual Per SF | $0.18 |
| Operating Expenses | |
|---|---|
| Annual | $40,202 |
| Annual Per SF | $1.58 |
| Total Expenses | |
|---|---|
| Annual | $44,802 |
| Annual Per SF | $1.77 |
| Net Operating Income | |
|---|---|
| Annual | $91,398 |
| Annual Per SF | $3.60 |
PROPERTY FACTS
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2 | 11 | $650.00 | - |
| 3+1 | 4 | $600.00 | - |
| 3+1.5 | 1 | $600.00 | - |
| 4+1 | 1 | $650.00 | - |
| 2+1 | 1 | $550.00 | - |
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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3 Luker Cir - 3 Luker Circle
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