Rental Package

1103 West Burdeshaw Street, Dothan, AL

23.46% return

SP: $294,900

Video Photos Street View Map

The slide show is now full screen. Push Escape to exit. You can use the left/right arrows and Home/End buttons to navigate the images.

Property Description

AWESOME PACKAGE!!!

4 duplexes and a triplex. ONLY $27K PER UNIT!!! Located in beautiful Dothan, AL home of the National Peanut Festival. 6 x 2bed/1bath and 5 x 1bed/1bath units. 2bed just rented for $750 and 1beds for $650!!!! Low expenses. PROPERTY WILL GENERATE A 20%+ NET RETURN ON INVESTMENT!!! $180K IN VALUE ADD!!! Dothan MSA is home to a population of 145k people.

Property management and financing is available.

Property Information

Listing statusPending
Property typeMulti Family (5 properties)
Total units11
Total bedrooms17
Total bathrooms11
Building size10,041 sq. ft.
Lot size1.3 acres
Year built1903 - 1938

CountyHouston County
SubdivisionGrandview Sub
ConstructionFrame
RoofAsphalt Shingle, Metal
Water sourceCity water
Water disposalSewer
HeatingGravity, Baseboards
CoolingWindow A/C

Property Financial Summary

Sale price$294,900
Estimated rehab¹$25,000
Total investment$319,900

TypeProforma
After repair value$499,900
Potential profit$180,000

Gross income (annually)$90,600
Operating expenses (annually)$15,551
Net income (annually)$75,049
Gross return28.32%

Gross income (monthly)$7,550
Operating expenses (monthly)$1,296
Net income (monthly)$6,254
Net return23.46%

Property Income & ExpensesMonthlyAnnual

Income

1103 West Burdeshaw Street, Duplex
Unit 1: 1 bed / 1 bath$650/month$7,800/year
Unit 2: 2 bed / 1 bath$750/month$9,000/year
400 East Lafayette Street, Duplex
Unit A: 1 bed / 1 bath$650/month$7,800/year
Unit B: 2 bed / 1 bath$750/month$9,000/year
402 East Lafayette Street, Triplex
Unit A: 2 bed / 1 bath$650/month$7,800/year
Unit B: 1 bed / 1 bath$650/month$7,800/year
Unit C: 1 bed / 1 bath$650/month$7,800/year
540 South St Andrews Street, Duplex
Unit A: 2 bed / 1 bath$650/month$7,800/year
Unit B: 2 bed / 1 bath$750/month$9,000/year
719 South Appletree Street, Duplex
Unit A: 1 bed / 1 bath$650/month$7,800/year
Unit B: 2 bed / 1 bath$750/month$9,000/year
Total$7,550/month$90,600/year

Expenses

Property Taxes$109/month$1,311/year
Insurance$412/month$4,940/year
Maintenance reserve$458/month$5,500/year
Lawn care$317/month$3,800/year
Total$1,296/month$15,551/year

Property Questions & Answers

Q: How do I make an offer on this property?
A: Placing an offer is a simple process. All offers must be presented in writing with an escrow deposit of 10% or $5,000, whichever is larger. Escrow has to be sent to the attorney or title company who is handling the file for this property. Please send us an inquiry and one of our team members will get in touch with you to further assist you. You can also give us a call.

Q: Does this property come with clear title?
A: All our properties come with clear title. We highly recommend you purchase title insurance as well.