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607 South Mobile Street 8 Unit Apartment Building $299,900 ($37,488/Unit) 16.72% Cap Rate Linden, AL 36748
Executive Summary
GREAT APARTMENTS!!!
8 units. Townhomes. Each unit is 2bed/1bath. Separate electric meters. City water and sewer. Central heat and air. All brick, metal roofs. Washer and dryer hookups in every unit. Located in beautiful Marengo County, AL!!! PROPERTY WILL GENERATE A 16%+ NET RETURN ON INVESTMENT!! OVER $70k IN VALUE ADD!!! This is a very simple and straight forward investment property with tons of potential. Units are renting for $800/month each.
Professional property management and financing is available!!!
8 units. Townhomes. Each unit is 2bed/1bath. Separate electric meters. City water and sewer. Central heat and air. All brick, metal roofs. Washer and dryer hookups in every unit. Located in beautiful Marengo County, AL!!! PROPERTY WILL GENERATE A 16%+ NET RETURN ON INVESTMENT!! OVER $70k IN VALUE ADD!!! This is a very simple and straight forward investment property with tons of potential. Units are renting for $800/month each.
Professional property management and financing is available!!!
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$76,800
|
$9.94
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$76,800
|
$9.94
|
| Taxes |
$1,830
|
$0.24
|
| Operating Expenses |
$19,810
|
$2.56
|
| Total Expenses |
$21,640
|
$2.80
|
| Net Operating Income |
$55,160
|
$7.14
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $76,800 |
| Annual Per SF | $9.94 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $76,800 |
| Annual Per SF | $9.94 |
| Taxes | |
|---|---|
| Annual | $1,830 |
| Annual Per SF | $0.24 |
| Operating Expenses | |
|---|---|
| Annual | $19,810 |
| Annual Per SF | $2.56 |
| Total Expenses | |
|---|---|
| Annual | $21,640 |
| Annual Per SF | $2.80 |
| Net Operating Income | |
|---|---|
| Annual | $55,160 |
| Annual Per SF | $7.14 |
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 8 | $800.00 | - |
1 1
Property Taxes
| Parcel Number | 18-03-05-1-012-003-0000 | Total Assessment | $38,540 (2024) |
| Land Assessment | $1,820 (2024) | Annual Taxes | $1,830 ($0.24/SF) |
| Improvements Assessment | $36,720 (2024) | Tax Year | 2026 |
Property Taxes
Parcel Number
18-03-05-1-012-003-0000
Land Assessment
$1,820 (2024)
Improvements Assessment
$36,720 (2024)
Total Assessment
$38,540 (2024)
Annual Taxes
$1,830 ($0.24/SF)
Tax Year
2026
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607 South Mobile Street
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