Sylacauga, AL 35150,3 S CANNON AVE
$95,000
$95,000
Est.Price: ?

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2 BD
1 BA

3 S CANNON AVE Sylacauga, AL 35150

Est. payment /mo
SOLD DATE : 04/27/2020

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Key Details

Sold Price $95,000

Property Type Multi-Family

Sub Type Duplex

Listing Status Sold

Purchase Type For Sale

Subdivision None

MLS Listing ID 876979

Sold Date 04/27/20

Bedrooms 2

Full Baths 1

Year Built 1960

Property Description

***A rare find for this multi-family investment property in sylacauga***Brick...low maintenance***A great benefit to owing multi family properties is the benefit of not having 2 insurance policies and 2 property tax liabilities on each unit which increases the cash flow.*** Fully leased thru 2021, this property brings in $15000 per year at $625 per side, which is around 16% gross ROI and around 14% net ROI after tax and insurance expenses.***Additionally, unlike single family rentals, multi family properties are rarely empty on both sides which eases the worry of vacancy rate losses.***Conveniently located to hospital, medical, pharmacy, dental, shopping, library and schools.***Well maintained with updates and ''leased" make this property very appealing in that there isn't a lot of work to do before the property starts earning money. ***Start realizing a return on the investment immediately as both units are occupied and tenants have been with the owner for approx 2.5 years each!

Location

State AL

County Talladega

Area Talladega County

Interior

Heating Central Control (HEAT)

Cooling Central Control (COOL)

Flooring Some Hardwood, Vinyl

Exterior

Parking Features Other

Building

Foundation Crawl Space

Sewer Connected

Water Public Water

Schools

Elementary Schools Indian Valley

Middle Schools Nichols-Lawson

High Schools Sylacauga

Others

Financing Cash,Conventional

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Listed by Alabama Classic Realty

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agent

Sabrina Rose

Agent | License ID: 90078

+1(205) 480-6633

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